Packing solutions for e-commerce sector
SABIC has signed a Memorandum of Understanding (MoU) with Innovo Packaging (Shanghai) to work together on packaging solutions for China’s e-commerce sector.
In a statement issued last week, SABIC said it will pool its expertise in foams with Innovo’s R&D strength and market insights to jointly develop innovative foamed packaging solutions for parcels which are lightweight, more rigid and durable.
Innovo’s customers such as delivery services providers will also take part in these joint research and development (R&D) activities. The new solutions are expected to help parcel delivery companies cut logistics costs and boost their competitiveness.
“The fast-growing e-commerce sector is resulting in surging demand for packaging solutions in terms of both volume and diversity. SABIC is a well-established global leader in polyolefins based foam solutions. We are looking forward to working together with SABIC to drive innovative solutions and ultimately create more value for our customers in the e-commerce sector, while promoting environmentally-friendly packaging,” said Chen Gang, CEO of Innovo.