IK Industrievereinigung Kunststoffverpackungen e.V. : No recovery in sight
(firmenpresse) - (DGAP-Media / 08.10.2013 / 13:40)
The German plastic packaging industry is not expecting any positive
impulses until the end of this year.
This is the clear result of the IK Economic Trend survey for the fourth
quarter of 2013. Whilst nearly 50 per cent of IK members rated the general
economic situation as 'good', only 25 per cent were also expecting higher
turnovers for their own businesses. Moreover, the turnover index is
declining compared to the previous quarter.
From the point of view of IK, this unsatisfactory situation can be
attributed, inter alia, to increased competition in Germany. More and more
businesses from European crisis-ridden countries are trying to gain a
foothold on the German market. Further more, the extremely high energy
prices in Germany are becoming an ever increasing competitive disadvantage
for the mostly medium-sized businesses within the plastic packaging sector.
The outlook for export performance is not any better than during the
previous quarter either. The positive economic data from some EU countries
are so far not making any impact on the export-oriented German packaging
manufacturers.
According to the assessment of the respondents, the profit situation will
stay sluggish at a low level. The IK basically attributes this to a cost
explosion within the energy sector. Due to the EEG (Renewable Energy Law)
allocation, the additional financial burdens for plastic packaging
businesses this year are situated in the six and even seven figure region.
Those high energy costs have also turned into a key brake on investment.
But it is exactly the highly innovative industries, such as the plastic
packaging sector, that are the most dependent on short investment cycles to
be able to maintain competitiveness.
The German IK Association of Plastic Packaging therefore still requires an
immediate reorientation in respect of the EEG allocation. Here, both the
German federal and the state governments are being challenged to find a
viable solution.
With over 300 members, the IK Industrievereinigung Kunststoffverpackungen
e.V. is the biggest trade association within the plastics packaging
industry in Europe.
IK represents the lion's share of the German plastics packaging market,
accounting for more than 4 million tons of plastic packagings and films.
End of Media Release
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Issuer: IK Industrievereinigung Kunststoffverpackungen e.V.
Key word(s): Associations
08.10.2013 Dissemination of a Press Release, transmitted by DGAP - a
company of EQS Group AG.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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233759 08.10.2013
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