Wednesday, June 9th, 2010

2010 Equipment Forecast and Webinar

Machines at NPE2009

By all accounts, 2009 was an abysmal year for our national economy – and the plastics industry followed suit.  According to data collected by the SPI Committee on Equipment Statistics (CES), sales of primary plastics machinery, auxiliary equipment, and components suffered tremendously – though NPE2009 provided a welcome boost in the third quarter.  Overall new orders decreased by over a third of what they were in 2008 and were less than half of the total numbers in 2007!  Plastics parts production also hit a wall, and capacity utilization dropped to its lowest levels in years.  As with the rest of the economy, things were grim but started to improve late in the year as the fourth quarter showed signs of improvement.

As alarming as these numbers are, it appears that the worst is passed us according to Bill Wood of Mountaintop Economics & Research, who provided analysis for the CES program.  As part of the continuing SPI Business of Plastics webinar series, Mr. Wood will give a one-hour presentation on Tuesday, June 22 at 11:00 am EST exclusively for SPI members to discuss his 2010 forecast and let you know what signs your business should be looking for as proof of the turnaround.

By attending the webinar, you will find that through the first four months of 2010 the data is encouraging.   All industry segments can expect to grow 15-30% this year when compared with 2009.  Capacity utilization has leapt to 76% and total plastics parts production is also on the rise.  Major end-markets – including both residential and commercial construction – are also gaining momentum.  Though 2010 is certain to look lean compared to just a few years ago, the market has reached the bottom and on its way to recovery.

Don’t miss this opportunity to gain insight and take the first steps towards a profitable 2010! Register today!

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