Rising energy costs worry Germany's packaging firms

Published: January 9, 2014 1:39 pm ET
Updated: January 9, 2014 1:42 pm ET

Related to this story

Topics Packaging

Germany's packaging industry has started 2014 with what its trade group calls "greater optimism" than during the same time last year.

According to the latest economic trend survey from the Industrievereinigung Kuntstoffverpackungen 41 percent of respondents believed they would see improved turnover this year, nearly double the percentage seen at the start of 2013.

Companies also seemed more confident in the area of exports, the IK said.

However the impact of rising costs was likely to dent the prospects of some, with raw material price hikes in December being followed by recent announcements of further rises.

Energy prices were likely to prove another major concern, the IK reported. Starting in 2014, German packaging manufacturers were required to pay 0.06 euros ($0.08) per kilowatt hour for a renewable energy law allocation – effectively a 'green levy' – in addition to already rising energy costs.

Energy efficiency was consequently a big issue for virtually all domestic packaging firms, according to the IK.

Germany's federal government, meanwhile, was being pressured to "implement a market-oriented energy concept which will guarantee private end-users and the industry a secure and affordable supply", the IK said.


Comments

Rising energy costs worry Germany's packaging firms

Published: January 9, 2014 1:39 pm ET
Updated: January 9, 2014 1:42 pm ET

Post Your Comments


Back to story


More stories

Image

PET film maker Evertis expanding production in Mexico, Brazil, Portugal

November 20, 2014 2:52 pm ET

Evertis, a PET film maker, is expanding production at plants in Mexico, Brazil and Portugal, the company said.    More

Image

Coveris changes culture, eyes IPO

November 20, 2014 1:40 pm ET

CEO Gary Masse has a simple message, and some new math, for everyone at Coveris Holdings Corp. Get on board or get out of the way.    More

Russian industrial film maker converting to food packaging film

November 19, 2014 9:46 am ET

Tasma, an 80-year-old Russian producer of technical industrial films which supported the USSR war effort during World War II, has assumed a new role...    More

Image

Film manufacturers pushing, again, for non-resin price increases

November 17, 2014 2:57 pm ET

UPDATED — For the third time this year, major polyethylene film makers are seeking non-resin price increases for their products.For the third...    More

Image

Silgan Plastics building container plant in Pennsylvania

November 17, 2014 4:47 pm ET

Silgan Plastics LLC will build a 135,000-square-foot site in Erie County, Pa. that will create 30 new jobs during the next three years, according to t...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events