Indonesia's plastics industry will process 3.97 billion pounds of plastics by 2000, according to an Australian research report. The report, compiled by Canberra, Australia-based Stra-tegic Industry Research & Anal-ysis International Corp. Pty. Ltd., said the recent growth of Indo-nesia's industry is phenomenal compared to more mature econ-omies.
Indonesia, which has a population of almost 200 million and major plastic processing centers in Jakarta, Surabaya and Ban-dung, processed 2.2 billion pounds of plastics in 1993. In 1995, the country processed 2.84 billion pounds.
The report said polymer demand in Indonesia will continue to grow during the next five years, but the market share of polystyrene, PVC and polyesters will decline in favor of increased demand for polypropylene, polyethylene and engineering plastics.
In 2000, 41 percent of Indonesia's processed plastics will be used for packaging, 13 percent for building and 8 percent for plumbing, the report says.
Kelvin Fahey, SIRA director, said Indonesia is now fully established as a major force in plastics processing, with the ability to manufacture value-added ex-ports.
He said the country is reaping the benefits of major investments from Japan, Hong Kong, Taiwan, Korea and Australia in downstream plastic processing and petrochemical production.
``With foreign joint ventures forming the basis of volume processing, much of the output is destined for export,'' he said.
Exports currently account for 50 percent of Indonesia's total plastics output.
The Indonesian report is part of a major SIRA report, ASEAN Plastics Market Statistics Vol. II 1995-2000. It covers the plastics industry in Indonesia, the Philippines, Singapore, Thailand, Vietnam and Malaysia.
Copies of the report are available from SIRA International. Tel. +61 6296-1933; fax +61 6296-1937.