Packaging expert Sealed Air Corporation enjoyed exponential growth in China in line with the country’s burgeoning economy when it first entered the market in the 1980s. The New Jersey-headquartered company had first started out helping US beef manufacturers and exporters extend the shelf life of their products with innovative packaging, and later diversified with the acquisition of Diversey Inc, the Wisconsin-based provider of cleaning and hygiene products. But Shen Hong, vice-president of Sealed Air’s Shanghai headquarters, said it entered unchartered waters when China’s economic slowdown took hold over the past couple of years…Full Article: China Daily Sept 2015

Key Point

  • According to the Vice-President of Sealed Air’s Shanghai HQ, pork consumers in Guangdong province prefer high priced pig spine and bone products, while consumers in northern China prefer cheaper pure meat products.

ChinaAg Comment

  • From January 2010 to July 2015, China’s pork prices increased from US$2,890 per MT to US$4,550. Prices peaked at an average of US$4,738 from July to October 2011, and reached a low average of US$2,460 April to June 2010.

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