Select Page

North American shipments of plastics machinery posted the first back-to-back quarterly declines since the recovery from the Great Recession began for the plastics industry in 2010, according to statistics compiled and reported by the Plastics Industry Association’s (PLASTICS; Washington, DC) Committee on Equipment Statistics (CES).

The preliminary estimate for shipments of primary plastics equipment, which includes injection molding, extrusion and blowmolding equipment, for reporting companies totaled $361.7 million in the fourth quarter. This was 7.4% lower than the total of $390.6 million from Q4 of 2015, but it was 24.2% higher than the $291.3 million from Q3 of 2016. For the entire year, shipments of primary plastics equipment were up 1.2% when compared with the annual total from 2015.

“After rising steadily for six years, shipments of plastics equipment hit a plateau in 2016. The annual total was just high enough to extend the string of annual increases to seven years,” said plastics market economist Bill Wood of Mountaintop Economics & Research Inc., who provided analysis for the CES report. The sales slump may continue into the first half of 2017, he added, “but the underlying economic fundamentals will gradually improve. If Congress passes corporate tax reform in 2017, then the uptrend in this data may re-emerge later this year.”

Related Posts

Fluorescent Markers Could Jumpstart U.K. Recycling

A new technique using invisible tags to label plastic packaging could jumpstart a “quantum leap” in U.K. recycling. The advance switches up sorting by adding phosphors, the

Read More

Cartilage-Like Hydrogel Promises 3D-Printable Knee Implants

Far more than a simple hinge, the human knee is a complex, intricate mechanism, and a knee injury is a painful and debilitating of condition that’s difficult and

Read More

The Forecast for Global Bioplastics

The global bioplastics for packaging industry is forecast to grow from 2017 to 2022 at an annual average rate of 17% to a market value of almost $7.2 billion according to

Read More

Lomont Molding Acquires R&D Molders

Lomont Molding LLC (Mt. Pleasant, IA) reports that it has acquired R&D Molders of Georgetown, TX. – “This acquisition merges two highly compatible manufacturing

Read More

IPL Lands a Major Contract for Organic Carts With the City of Calgary

IPL Inc., a North American producers of injection-molded plastic products, has announced that it has won a major contract for providing organic wheeled carts to The

Read More

LANXESS Successfully Completes Acquisition of Chemtura

Specialty chemicals company LANXESS has successfully completed the acquisition of U.S. company Chemtura, one of the world’s leading suppliers of flame retardant

Read More

Diab Signs Long-Term Contract With Diehl Aircabin

Diab has signed a long term contract with Diehl Aircabin to supply its Divinycell F foam core for cabin applications. The company says that Divinycell F can minimize the

Read More

New Joint Venture Advances Applications for Composites

Titan Advanced Composites (Gastonia, NC), a new joint venture between Asbury Graphite Mills and ZePR, was recently formed to address the challenges of composite materials

Read More

Stratasys Launches Carbon Fiber-Filled Nylon for 3D Printing

3D printing specialist Stratasys has developed FDM Nylon 12CF, a carbon fiber-filled thermoplastic which could replace metal components in a range of applications.

Read More

Meusburger Expands Range of Tunnel Gate Inserts

Moldmakers can save time and money from design to manufacturing with the use of tunnel gate inserts, according to Meusburger (Wolfurt, Austria). The company has

Read More