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Rehrig Pacific’s FM Approved Fire-Retardant Pallets Exceed Expectations in Rigorous Testing
Rehrig Pacific has announced the release of a new, highly durable, FM approved fire-retardant pallet, it reported in a press release. Virginia Tech University’s Center for Packaging and Unit Load Design put Rehrig Pacific’s new fire-retardant pallets through an exhaustive battery of tests designed to simulate real-world warehouse and supply chain conditions. Rehrig’s pallets survived as many as 200 cycles. The company stated that this durability accomplishment is a first for flame-retardant pallets on the market.
“This is just one more way we can serve Rehrig Pacific’s customers,” said Adam Gurga, National Manager of Rehrig’s Material Handling & Bulk Solutions group. “Distributors and manufacturers shouldn’t have to choose between durability and safety. From the beginning, we’ve designed our FM approved, fire retardant pallets to be strong, durable, and long-lasting so that Rehrig Pacific customers deliver the strongest long-term ROI possible for their supply chain operations.”
Rehrig Pacific’s pallets are non-halogenated fire retardant (NHFR), which sets them apart from much of their competition, it noted in the release. “It’s been a standard assumption in the industry that fire-retardant pallets are less durable than their counterparts without the FR designation, forcing suppliers and managers to choose between the short-term solution of wood and plastic’s sustainability, longevity, and safety. However, with Rehrig Pacific’s new NHFR technology, an FM approved fire-retardant option is now available that currently exceeds any other offerings for fire retardant pallets on the market.”
Virginia Tech University’s Center FasTrack testing program used ten of the new 48×40 NHFR GMA Series pallets and put them through a rigorous durability test, simulating handling in a warehouse environment. The results from these tests exceeded those of competitors and highlighted the superior engineering behind Rehrig products.
Loscam restructures to support growth, introduces new strategic shareholders
Dr. Wang Hong, Executive Vice President of China Merchants Group (“CMG”) and the Chairman of Sinotrans Ltd. (“Sinotrans”) have announced that the restructuring of state-owned enterprises mixed ownership reform for China Merchant Loscam has successfully been completed with the introduction of two new strategic shareholders, CITIC Capital Holdings Ltd. (“CITIC Capital”) and FountainVest Partners (“FountainVest”).
CMG fully acquired Loscam in 2010 and has since seen Loscam successfully grow to become Asia-Pacific’s largest pallet pooling company. This latest announcement is another major strategic decision to further strengthen the ownership structure of Loscam and drive the business to further success. The new investors bring new sector expertise which will further support the company’s long-term expansion plans. After the introduction of the two new investors, Sinotrans continues to remain as the major shareholder of Loscam.
At the officiating ceremony, all three shareholders expressed their confidence in the growth potential of Loscam and their trust in the management team. The company’s daily operations will remain unchanged and will be supported by the new board of directors. The management of Loscam are excited with the new ownership structure and the experience, diversity and extensive financial management knowledge they bring to Loscam. These along with the extensive resources in both domestic and global regions will be key to allowing Loscam to further capitalize and expand on its footprint and services.
Mr. Yichen ZHANG, Chairman and CEO of CITIC Capital Holdings Ltd., Mr. Frank TANG, Chairman and CEO of FountainVest Partners, Mr. Sirin LIMPAITOON, President of China Merchants Loscam, and other leaders attended the ceremony.