BAD HOMBURG, GERMANY (Jan. 11, 12 p.m. ET) — The German Association for Plastics Packaging and Film (IK Industrievereinigung Kunststoffverpackungen EV) says plastic packaging companies have “more positive expectations” than in the last quarter of 2011, despite anticipating higher raw material prices.
The Bad Homburg-based trade association says 66 percent of its members said, when surveyed, that they expect a continuous turnover development in the first quarter of 2012. Only around 20 percent assume that turnovers will decrease, says IK.
In the field of exports, a third of IK members expect further downturns, meaning companies will rely on a solid domestic market.
However, 40 percent of those surveyed anticipate higher raw material prices meaning reduced profit margins are to be expected in the field of plastic packaging processing, says IK.