DGAP-News: Plastics packaging is more in demand than ever
(firmenpresse) - DGAP-News: IK Industrievereinigung Kunststoffverpackungen e.V. / Key
word(s): Market Report
Plastics packaging is more in demand than ever
16.05.2012 / 10:50
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Plastics packaging is more in demand than ever
The German plastics packaging industry was able to increase production by 5
percent to a record 4.3 million tons in 2011. This is shown by current
figures provided by the IK Industrievereinigung Kunststoffverpackungen e.v.
Plastics packaging were more in demand than ever in the previous year.
The turnover has increased by 9 percent in 2011. However, this growth is
also due to an adaptation of raw material prices, which had increased again
last year. This is demonstrated clearly in the area of packaging films, by
far the biggest sector in the plastics packaging industry. A turnover
increase of almost 15 percent was achieved, as well as a production growth
of five percent. Considering that the raw material cost amounts to an
average of 70 percent of the manufacturing costs in the film industry, the
turnover growth was far too low in relation to increased raw material
prices. Correspondingly, the profit situation was tense for many companies
in the past year.
The industry expects a continuously positive development for the current
year. Export business was somewhat flagging at the beginning of 2012, but
is now back on track. According to IK managing director Ulf Kelterborn, it
depends on the development of raw material and energy prices whether the
industry will manage to achieve an urgently necessary increase in margins
in addition to an increase in turnover and production.
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With over 300 members, the IK Industrievereinigung Kunststoffverpackungen
e. V. is the biggest trade association for the plastics packaging industry
in Europe.
The IK Industrievereinigung Kunststoffverpackungen is a supporting
association of the GKV and is involved also in the matters concerning the
entire plastics processing industry.
End of financial news
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170249 16.05.2012
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Datum: 16.05.2012 - 10:50 Uhr
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News-ID 147047
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