Economic downturn and a drop in demand have led to masterbatch producers ‘cutting back activity’ and seeking ‘wider markets’ such as Russia and Ukraine, a plastics market research consultancy has found.
There has been a “remarkable” jump in demand for German plastic manufacturing equipment this year, with the pace of recovery outstripping expectations from the sector, said a leading trade association.
France and Germany have emerged from recession but the global nature of the food industry may mean it takes longer to recover than other sectors, according to a senior economist at Wageningen University.
While exports of aluminium foil from Europe rose 11 per cent at the
start of this year, internal demand decreased by 1.9 per cent,
according to statistics released yesterday by an industry
association.
Estonia, Slovenia and Lithuania have all pegged their currencies to
the euro as a first step towards adopting the euro in 2007 - a move
that is expected to cause many food and beverage businesses to keep
tighter reins on their pricing...
The appreciation of the euro against both sterling and the US
dollar took the shine off an otherwise excellent set of results for
Irish bakery group IAWS in 2003.
Morliny, a meat processing company based in the northeastern town
of Ostróda in Poland expects a stronger euro to boost revenue from
exports and lower demand for imported goods.
