Industry Trends
Inside a plant at 95th Street and Cottage Grove Avenue sit two massive injection molding machines primed to make compostable plastic utensils. They're also going to make workers.
Perc Pineda was hired by Plastics Industry Association has a chief economist in 2017.
The number of college graduates boomeranging back to live with their parents and senior citizens moving in with their middle-age children has been hindering the housing market for years. At least 3 million fewer households formed in the last six years compared to the period prior to 2007. However, economists see signs that young adults will leave the nest for good and older adults will age in place somewhere independently.
AKRON, OHIO — The North American plastic recycling sector had its own particular set of challenges in 2012-2013, but none of those hurdles have been able to stop the industry from growing, though the growth hasn't been as robust as industry participants might have expected.
INDIANAPOLIS — Sales and profits are on the rise for most North American processors, according to a fall 2013 survey of the plastics processors industry from Plante && Moran PLLC.
DÜSSELDORF, GERMANY — World production of plastics rose nearly 3 percent in 2012, according to figures from PlasticsEurope, the Brussels-based trade association.
TAIZHOU, CHINA — China's plastics processing industry continued its slower pace of growth in the first half of the year, with exports in particular seeing a slowdown caused by global economic uncertainty and rising costs hurting competitiveness, according to the country's main plastics trade association.
Preconditions for the Great Recession built up for about a decade, economist Peter Mooney said, and 2005 was the high-water mark for the plastic processing business in North America. Then the bottom fell out, and many segments of the market still haven't fully recovered.
Hudson, Ohio, toy maker Little Tikes Co. has seen growth in recent years, and it's growth that Executive Vice President and worldwide General Manager Thomas Richmond attributes in large part to the company's decision to manufacture more of its toys at its northeast Ohio plant instead of overseas.
In its annual survey of auto industry insiders, DuPont Co. and WardsAuto found that only 8 percent of the respondents expected fuel economy regulations would relax, compared to nearly half — 47 percent — anticipating requirements would strengthen further.
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