news North America: machine sales up
North American shipments of plastics machinery registered a strong increase in the first quarter of this year, according to the SPI trade association in the US. SPI’s Committee on Equipment Statistics (CES) said that shipments of primary plastics equipment for reporting companies totalled $330.5 million in the first quarter – 13.5% higher than the equivalent figure in 2015. The total was more than
15% down on the final quarter of 2015. “There has been a strong
upward trend in the machinery data since the recession hit
bottom in 2009, but this hit a plateau during the first three quarters of 2015,” said Bill Wood of Mountaintop Econom- ics & Research, who analyses the figures for the CES. “The upward trend re-emerged in the fourth quarter of last year, and the momentum was sustained in the first quarter of this year.”
When the data is broken out
by reporting sector, there was wide variance in the quarterly totals.
Shipments of single-screw
extruders fell more than 17% in Q1, while shipments of twin-screw extruders – includ- ing both co-rotating and
counter-rotating machines – rose nearly 7% compared with the same quarter of last year. For comparison, injection moulding sales were up 25%, while blow moulding machin- ery sales fell by nearly two-thirds. The upward trend in the
CES data corresponds with US government measurements of overall demand for industrial machinery. The Bureau of Economic Analysis says business investment in industrial equipment rose by 6.3% in Q1 of 2016. At the same time, according to data from the Census Bureau, the total value for new orders of
industrial machinery rose by 21% in the same period. In the latest CES quarterly
survey of plastics machinery suppliers, 84% of respondents expect market conditions to hold steady or improve over the next 12 months – a small improvement on the previous quarter.
The same respondents
expect that medical, automo- tive, and packaging to see the strongest growth in demand for plastics products and equip- ment this year. Expectations for all other end-markets call for steady-to-better demand to prevail in 2016. ❙
www.plasticsindustry.org
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