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03-26-2012

Federplast.be: Belgian Plastics and Rubber Industry

At its general meeting, Federplast.be, the Belgian Association of Manufacturers of Plastic and Rubber Products, released the results of a survey of its members. The production volume of the plastics and rubber industry in 2011 experienced a growth of 3.7%. For 2012, 40% of general managers foresee future growth while nearly a third expect stabilization. Employment increased by 1.6 %. In the first 2 months the prices of commodity plastics such as polyolefins and polystyrene increased by 11 to 16 %. As the raw materials are by far the biggest cost factor for plastics and rubber converters, these increases will in general lead to higher prices for all kind of plastic and rubber products.

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