NEWS
Bangladesh plastics is
booming Bangladesh’s plastic industry grew by around 20% last year, fuelled by both local and foreign demand for its products, says a report in the local Daily Star newspaper. For the 2017-2018
year, the domestic market for plastic products reached Tk250bn (US$3bn), according to the Bangladesh Plastic Goods Manufacturers and Export Association (BPGMEA).
“Bangladesh has huge potential to grow further,” said Kamruzzaman Kamal, director for marketing at Pran-RFL Group, a leading Bangla- deshi plastics company. Bangladesh currently has a 0.6% share of the US$546bn global plastic market, says BPGMEA – but has set a target of raising this to 3% by 2030, says the report. �
www.bpgmea.org.bd
North America machine sales increase in 2017
Deliveries of US-made plastics machinery has risen – in both the final quarter of 2017, and the year as a whole. Figures from the Plastic Industry Association’s Committee of Equipment Statistics (CES) revealed that total deliveries of primary plastics equipment rose almost 10% in the final quarter of 2017, to reach almost US$400m. For the full year, deliver-
ies rose more than 6% compared to 2016 – and this is unlikely to be bettered in 2018.
“Given the recent trends in the new orders data, the pace of growth experienced in the second half of 2017 in
the shipments data is not sustainable,” said CES. “The annual forecast for ship- ments of primary plastics equipment in 2018 is a gain of 5%.”
CES said that spending on plastics equipment could accelerate in 2018 if demand for plastics prod- ucts grows more rapidly. However, it said that current estimates of growth were not high enough to “spark a large jump in demand for plastics machinery”. The vast majority of the
market is accounted for by injection moulding machin- ery, which saw a 4% rise in order for the year. However, extrusion machinery performed less
well: single-screw extruders saw a 3% decline in sales to around US$83m – despite a 9% rise in volumes. How- ever, CES predicts a 7% increase in sales this year, which would take the annual total to US$89m. For twin-screw machines, sales fell 16% to around US$75m for the year. In 2018, sales are expected to rise by 19%, taking the annual total to US$89m. The monthly capacity
utilisation data for the plastics industry averaged 81.3% in the final quarter of 2017. CES expects this to rise gradually through 2018 and reach a level of 83% by the end of the year. �
www.plasticsindustry.org
Huhtamaki acquires in Australia
Huhtamaki has bought 65% of Tailored Packaging, an Australian foodservice packaging distribution
company with 130 employ- ees. The acquisition, for approximately €35m (US$42m) gives Huhtamaki
access to a national network of distribution centres across Australia. �
www.huhtamaki.com
Tekni-Plex expands in tray production
US-based Tekni-Plex has acquired a manufacturer of food trays and its sister company, which makes extrusion machinery. Tekni-Plex has bought Commodore Plastics – which makes traditional and custom polystyrene (PS) foam trays, including padded food processor, supermarket and industrial trays – and Commodore Technology, which makes PS foam extrusion systems, dies, thermo- formers and other products to support its sister company’s production needs. The two Commodore companies will
6 FILM & SHEET EXTRUSION | May 2018
be brought under a newly-formed Tekni-Plex subsidiary called Dolco, which makes foam egg carton trays and PS trays for food processing and other applications. “Tekni-Plex already has significant
tray manufacturing capability,” said Paul Young, chairman and CEO of Tekni-Plex. “This acquisition will allow us to benefit from Commodore’s extruder and thermoforming equipment technology, and increase our manufacturing footprint.” �
www.tekni-plex.com
www.filmandsheet.com
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