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US Plastics Industry-Steady Slow Recovery

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The U.S. plastics industry is enduring its slow revival from the recession of 2008-09 -- and industry officials are optimistic concerning the future.

during a Dec. 15 press webinar, Society of the Plastics Industry Inc. President Bill Carteaux said that the plastics industry is faring better than other manufacturing sectors in the U.S. Export growth continues to be a bright spot. Low-priced natural gas as well as the lower value of the U.S. dollar are helping the U.S. to remain competitive in the global plastics market, added Michael Taylor, SPI’s senior director of international trade. In webinar, Carteaux and Taylor highlighted data to show where the industry stands, based on 2010 results.

Conclusion included:
• Shipments of $341.4 billion, employing 876,000 at almost 17,000 facilities.
• Value of shipments was essentially flat vs. 2005.
• Number of employees fell almost 24 percent vs. 2005.
• New capital expenditures fell almost 9 percent vs. 2005.

Above listed three items do not comprise wholesale trade data. The number of plastics jobs as well as facilities has refused as a result of the recession and of industry consolidation as well as amplified productivity, Carteaux and Taylor explained. California led the country in number of plastics jobs (with 75,800), followed by Ohio, Texas, Michigan and Illinois.

Based on attention of jobs, Indiana ranked first with 15.2 plastics jobs per 1,000 non-farm employees. Next up were Michigan, Ohio, Wisconsin, Kentucky and South Carolina. The U.S. average was 6.8. In the state absorption rankings, Connecticut made a leap from 24th to 15th as gains in wholesale trade jobs, officials said. Alabama went from 20th to 16th because of gains in manufacturing, while Pennsylvania climbed from 15th to 11th because of what officials described as “recession-resistant businesses.”

Plastic World News Desk - India

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Comments

faii acy Magnate II   GPT Site Owner/Operator
Being in the Rubber and Plastics industry myself I can only remark that here in Canada the economy is booming and we have had a record year
Dec 17th 2011 11:03   
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