NEWS
German converters report 6% sales fall
German plastics converting, 2023
Domestic Export Total
Source: GKV
GKV, the trade organisation that represents German plastics processors, reported a fall in turnover last year. It said this was down to “current
unfavourable conditions for the German industry”, such as lower consumer spending, rising interest rates and higher energy prices. In addition, uncertainty over future prospects led to a reluctance to invest. GKV said that sales fell below €73 billion (US$78bn) in 2022, a decline of 6% compared to 2022. Nearly 42% of sales (€30bn, or US$32bn) were from exports – almost identical in value to the preceding year. At the same time, domestic sales fell by almost 10%, to account for more than €42bn (US$45bn). “The cause of the economic crisis in Germany is predominantly of a structural nature,” said Helen Fuerst, president of GKV. “We need a future-oriented growth agenda so that industry can pick up speed again in two to three years.”
Such an agenda must focus on energy, bureaucracy, investments and
digitalisation, she said. Processing volumes also fell – by
around 9% to 12.7 million tonnes of plastic. Of this, 2.4m tonnes was recyclate – the same amount as in 2023. In the same period, the indus- try’s workforce declined by around 2% to just under 320,000 people. The number of processing plants remained stable at around 3,000 facilities. Figures are not broken down into specific processes (such as extrusion). However, the packaging sector – which is most relevant to film and sheet extrusion – saw a near-10% decline in the amount of material processed (4.2m tonnes). This equated to turnover in the sector of nearly €17bn (US$18bn) – a fall of nearly 8%, said GKV. Fuerst also called for a re-think on
regulation. “Europe and Germany need an effective stop sign against bureaucracy,” she said. “We demand that at least half of all regulations be abolished within the next parliamen- tary term of the European Parliament.” �
www.gkv.de
Uflex announces flat sales and profits in third quarter
Uflex of India has posted relatively flat results for the third quarter of its financial year. The company reported unaudited
sales of INR33 billion (US$400 million), around 4% lower than same
www.filmandsheet.com
www.brueckner.com
period in the previous year. Profit (adjusted EBITDA) for the period was stable at around INR4bn (US$51m). However, it raised volumes by
nearly 6% to nearly 148m tonnes. �
www.uflexltd.com
Sales 2023 (bn€) 42.3 30.2 72.5
% Change -9.4 -0.3 -6.0
Efficiency, sustainability and circularity
Efficient lines for a low specific energy consumption
Decreasing use of raw materials & “zero waste” in film production
Solutions for bio-based and bio-degradable packaging films
Mono-material solutions to close the life cycle of BOPP, BOPET and BOPE
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