Plastic Packaging Companies Have "More Positive Expectations" in 2012

The IK Industrievereinigung trade association says plastic packaging companies have “more positive expectations” than in the last quarter of 2011, despite anticipating higher raw material prices. The German association says 66% of its members said, when surveyed, that they expect a continuous turnover development in the first quarter of 2012. Only around 20% assume that turnovers will decrease, said 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% of those surveyed anticipate higher raw material prices meaning reduced profit margins are to be expected in the field of plastic packaging processing, said IK. Source: www.prw.com