PlasticsEdge™ Lead Generation Program: Call 978-342-9000 for details or email [email protected]

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

Italian PVC Film Manufacturer Forms Alfatherm North America Inc.

Alfatherm SpA (Venegono, Italy), one of Europe’s major producers of rigid, semi-rigid and plasticized furniture PVC foils, announced the formation

Read More

LyondellBasell Begins Production at New PP Compounding Plant in Dalian, China

LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, today announced the successful startup of a new 20

Read More

Progressive Components Introduces ModuLifter Undercut Release System

Progressive Components (Wauconda, IL) has introduced the ModuLifter Undercut Release System that simplifies the release of undercuts for

Read More

Burgmann Starts Braiding Production

Burgmann Packings Composites, based in Ireland, has launched a new robot handling system for over-braiding a range of mandrels and cores.

Read More

Plastics Machinery Shipments up in Q2 2017: Report

North American shipments of plastics machinery registered a year-over-year (y/y) gain in Q2 of 2017, reversing a trend of three consecutive

Read More

Automotive Accessories Maker Wins Patent and Trademark Infringement Suit Against Chinese Companies

On Nov. 7, 2016, I wrote an article about how trade shows are excellent places to find your knocked-off products. The company I wrote about

Read More

Don’t Follow Kenya’s Example on Plastic Bags

The idea of the United States taking environmental cues from Kenya, a country that ranks near the bottom for environmental performance,

Read More

Clariant, Huntsman Reject Call to Cancel Their Merger

Swiss chemical maker Clariant AG and U.S.-based Huntsman Corporation have reconfirmed their intention to merge in replying to an open

Read More

Victrex CEO Retires

Dave Hummel has retired as CEO of polyaryletherketone (PAEK) composite manufacturer Victrex after 24 years as CEO. He is replaced by

Read More

ISRI Seeks Input for REMADE Institute Efforts

The Institute of Scrap Recycling Industries (ISRI), Washington, has announced it is seeking input from industry professionals on current technical and

Read More