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NEWS


Global machinery output to fall by 10% in 2019, says Euromap


Global production of plastics machinery grew by 1.3% in 2018 to reach a value of €36.8bn, according to data released at K2019 by the European plastics and rubber machinery associa- tion Euromap. European machinery makers enjoyed growth above the global rate, at 1.9%, taking the total for the region to €15.6bn. However, that was a poor performance by recent standards and producers are now preparing for much weaker demand. “After 10 years of continuous growth and an increase in the Euromap production of 59% since 2010, 2019 will see the expected economic dip,” said Luciano Anceschi, President of the association.


Global plastics machinery production by value, 2010-2020 Source: Euromap/VDMA


“Apart from a worldwide economic slowdown, it’s above all the slump in the automobile sector as well as decreasing investments due to political uncertainties caused by the trade conflict between USA and China, Brexit and unpredictable national laws for the use of plastics that are clouding


over business prospects.” Euromap is forecasting a 10% decline in global production this year to €33.1bn. The value of European plastics and rubber machinery produc- tion will also fall by 10% in 2019 to €14.0bn. A further 5% contraction is forecast for 2020, with


both global and European production down 5% to €31.5bn and €13.3 bn respectively. The association believes EU demands to raise plastics recycling volumes to 10m tonnes by 2025—four times today’s levels—and to ensure all plastics packag- ing is recyclable by 2030 will provide a boost for manu- facturers of both recycling and processing machinery. “Circular Economy will thus become a growing business field and have positive impacts on machinery manufacturers who enable a functioning circular econo- my by applying their technologies,” said Euro- map Vice President Michael Baumeister. � www.euromap.org


Trex breaks ground on new WPC manufacturing plant in Virginia


US-based Trex, a leading manufacturer of WPC decking and railing, has broken ground on a new manufactur- ing facility in Frederick County, Virginia. The company is adding a new decking plant next to its existing production site to meet continued growth and projected product de- mand. The new facility is expected to create more than 150 jobs. “This is an exciting time for us with all signs pointing to continued growth and escalating demand,” said Jim Cline, president and CEO of Trex. “We’ve been planning this for some time and have been eager to break ground and welcome new talent.”


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The new Virginia capacity will begin to come online in early 2021, says the company. The company is planning to hire and train new employees in manufacturing, skilled trades and engineering positions. The new facility is part of a US$200 million capital investment programme that will allow Trex to increase produc- tion output for future projected growth. In addition to expanding capacity in Virginia, Trex is also installing extra capacity at its Nevada site that began coming online earlier this year. The new lines in Nevada are scheduled to come online in the second quarter of 2020.


PIPE & PROFILE EXTRUSION | November/December 2019


n Trex reported a 17% increase in sales for the third quarter of this year. Sales for the period rose to US$195 million. Sales at Trex Residential Products


rose 24% to US$183m. The commercial products division contributed US$12m to sales. Net profit for the period was US$42 million. “We continued to experience robust demand for our residential decking products in the third quarter,” said Cline. “Growth was led by the appeal of the Trex brand and the value proposition our products represent, strong demand for the new Enhance product line.” � www.trex.com


www.pipeandprofile.com


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