ASSAGO, ITALY (Dec. 19, 11:30 a.m. ET) — Italian plastics and rubber machinery makers expect to produce 4.2 billion euros ($5.5 billion) in equipment this year, with exports of 2.6 billion euros ($3.45 billion), according to the country’s machinery association Assocomaplast.
North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.
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