SCRANTON, PA. (Aug. 27, 8:30 p.m. ET) — CPG International Inc., the parent company of Azek Building Products Inc., will buy TimberTech Ltd., a major producer of wood-plastic composites, from Crane Group. TimberTech is one of the pioneers of WPC decking, which combine wood-flour and plastic to make a natural-looking, long-lasting deck. Columbus, Ohio-based Crane Group shipped its first TimberTech decking in 1997.
Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.
Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.
In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.
Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.