DGAP-News: IK Industrievereinigung Kunststoffverpackungen e.V. : Plastics are getting more and more expensive
(firmenpresse) - DGAP-News: IK Industrievereinigung Kunststoffverpackungen e.V. / Key
word(s): Market Report
IK Industrievereinigung Kunststoffverpackungen e.V. : Plastics are
getting more and more expensive
03.04.2012 / 15:32
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Bad Homburg - In the first quarter of 2012, raw material
prices for plastics packaging have increased by more than 30 percent in
some cases. And an end of this upward price spiral is still not in sight.
In the meantime, raw material manufacturers have announced further drastic
price increases for April. This renewed price growth confirms the current
IK Economic Trend survey. Over 80 percent of the respondents expect raw
material prices to increase further in the second quarter of 2012.
For some plastics materials there also seems to be a lack of availability.
Almost two thirds of IK members were confronted with supply shortages for
raw materials. 43 percent received one or several Force Majeure
announcements from their upstream suppliers. According to IK managing
director Ulf Kelterborn, there is definitely some doubt about whether all
of these Force Majeure announcements are legally sound. In some cases they
refer to technical outages where an unexpected outside influence is not
visible.
However, the IK Economic Trend survey also shows that companies assess
their economic development for the second quarter quite positively. Around
30 percent expect better turnovers, 52 percent expect the situation to at
least remain the same. Export development is also judged better than in the
first quarter.
Heike Richter
- Kommunikation&Public Relations -
IK Industrievereinigung Kunststoffverpackungen e.V.
Kaiser-Friedrich-Promenade 43
61348 Bad Homburg
Telefon: +49 (0) 6172-92 66 68
Fax: +49 (0) 6172-92 66 69
h.richter(at)kunststoffverpackungen.de
End of financial news
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163779 03.04.2012
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