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

Shepherd named Thermoformer of the Year

March 4, 2015 11:32 am ET

Barry Shepherd, of Shepherd Thermoforming and Packaging Inc., is the newest Thermoformer of the Year.    More

Image

Clear Lam settles Doritos lawsuit

March 3, 2015 4:06 pm ET

Clear Lam Packaging Inc. has settled a months-old lawsuit against Frito-Lay Inc. alleging “breach of contract, false advertising, and...    More

Image

Coveris sees 'common culture' form after mergers, acquisitions

March 3, 2015 11:37 am ET

Coveris Holdings Corp. is a mega-rollup in packaging, a major international player, said Robert Larson, president of Coveris' Food and Consumer North ...    More

Image

Study: LLDPE to grow steadily

March 3, 2015 11:23 am ET

Research group Ceresana says linear low density polyethylene (LLDPE) is expected to grow steadily through 2021.    More

Image

P&G adding label to help guide consumers in recycling

March 2, 2015 3:29 pm ET

Procter & Gamble Co. will help prompt consumers to recycle rigid packaging by joining the Sustainable Packaging Coalition's How2Recycle Label program.    More

Market Reports

Flexible Packaging Trends in North America

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.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion 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

Upcoming Plastics News Events

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

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

More Events