Category Archives: Industry News

Taxes based on electricity bills

Taxes based on electricity bills
Some plastics recyclers in China are facing a new taxation method – taxes will be calculated and collected based on a company’s electricity usage instead of reported business revenues.

Tax authorities in Wuning, Zhejiang province, believe this will be a good solution to problems caused by plastics recyclers, especially small shops, failing to report revenues truthfully, according to the Dongyang Daily.

Two different formulas have been developed: one for those that sort and clean the scrap, and one for those that reprocess the waste into pellets.

I wonder how accurate and effective the formulas are, but no details are available. If this new method proves to effective, it will likely to be adapted in other regions.

Are jobs overrated?

Are jobs overrated?
With Washington so focused on the economy, I can’t resist sharing a sure-to-be controversial column from CNN.com that questions the importance of jobs. Author Douglas Rushkoff asserts in “Are jobs obsolete?” that, as a result of changes in the economy,…

Changshu aims to grow auto industry

Changshu aims to grow auto industry
As China’s auto market continues to rapidly expand, local governments are putting in place plans and policies to attract auto-related business. Having already convinced Toyota to set up its China R&D base there, Changshu of Jiangsu province is trying to leverage that and draw suppliers.

“The Yangtze Delta region houses 60 percent of China’s auto suppliers and 90 percent of the mold and equipment manufacturers. Changshu is strategically located in the center of the Yangtze River delta with highway, river transportation and seaport,” a Toyota official was quoted as saying.

Toyota established the wholly owned Toyota Motor Engineering & Manufacturing (China) in November to focus on developing vehicles that meet the needs and wants of Chinese consumers. The company expects to eventually grow the R&D staff there to 1,000, according to a recent Nikkei Business report.

Changshu officials pledge to provide “the best business environment and living environment” to business, particularly small and midsized ones.

Electronic components maker Bi Technologies is in the process of building a plant in Changshu. It is crucial for small and midsized companies to choose the right industrial cluster with the right mix of companies for an overseas site, an official commented.

Don Kruschke’s statement

Don Kruschke’s statement
Neil Kruschke Jr. may have left the plastics industry in 2009 when he sold Stopol Inc., but he left behind many friends and acquaintances. All were shocked to learn of 44-year-old Neil’s death on Friday in a chainsaw accident near…