ARPM executives express optimism for industry

RUBBER & PLASTICS NEWS

Published: March 13, 2013 11:20 am ET
Updated: March 13, 2013 11:22 am ET

Related to this story

Topics Financial, Processors

INDIANAPOLIS — A survey based on the responses of 180 rubber and plastics industry executives shows a sense of optimism, according to the Association for Rubber Products Manufacturers.

"It is definitely a positive trend in the industry when over 75 percent of the companies are expecting an increase in sales this year compared to last year," said Marcella Kates, communications coordinator with ARPM. "And it looks like a sustained trend with over 80 percent projecting sales to increase in 2014."

The study—which included executives from a variety of company sizes, process and markets served—showed more than 70 percent of responders report their company's profits are great or at least acceptable.

"With the increased sales and improved profit levels, companies are looking to invest in their businesses," Kates said. "A solid 53 percent are looking to reinvest in their companies, with 36 percent anticipating that they will maintain similar investment levels."

The report found that nearly 50 percent of companies mention an increase in the hiring of production employees, and 40 percent said customers are relocating work from off-shore back to the U.S. This is significant news, as the trend in the past has been to move work out of the country.

This is just one more indicator of the positive upswing in production, sales, and optimism in the manufacturing industry in the U.S. as a whole, ARPM said.

"This economic report is critical to businesses and executives as it provides our members with insight into the macroeconomic conditions and trends of the processing industry," said ARPM Executive Director Troy Nix. "With the integration of historical data, it is our hope that rubber manufacturing executives will get a good sense about the position of their own company in the marketplace."

For more information about the association or its report, State of the U.S. Rubber and Plastics Products Industry, phone 317-863-4072 or visit www.arpminc.com.


Comments

ARPM executives express optimism for industry

RUBBER & PLASTICS NEWS

Published: March 13, 2013 11:20 am ET
Updated: March 13, 2013 11:22 am ET

Post Your Comments


Back to story


More stories

Image

Little sports figures get big backing

October 17, 2014 11:55 am ET

OYO Sportstoys Inc. is gearing up to produce and sell more plastic mini-figures after gaining $11 million in equity financing from a group led by...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events