STREETSBORO, OHIO (Aug. 31, 2:20 p.m. ET) — The state of Ohio has approved tax breaks that will help Step2 Co. LLC add employees and invest in equipment at its two factories that make rotational molded toys, mailboxes and lawn and garden products. The Ohio Tax Credit Authority approved the tax credits Aug. 27, covering Step2’s headquarters factory in Streetsboro, Ohio, and its other plant, in Perrysville, Ohio. Step2 will get a 45 percent, six-year tax credit from the expansions.
U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.
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.
GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014
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.
This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.Learn more