Production and sales of core plastics and rubber machinery expected to fall in Europe

Production of core plastics and rubber machinery is expected to fall by over 20% as sales figures plunge by about 30% in 2009. These are estimates by Euromap, that predicts that this decreased production will result a decrease in production from its members to €13.6 bln. The first half of the year saw exports to East Europe, North America and Latin America dip. A marginal demand from Asia could not arrest the fall in export demand by 35% in H1-2009. Interestingly, machine demand in 2008 was fairly stable, despite a decline in new orders during Q4. Demand for core machinery and moulds and dies stayed relatively flat at 1% and 1.5% respectively. Peripheral equipment sales were up 4.1%. Sales of flexographic printing machines showed negative growth last year of -7%. The general economic trend indicates that the fall in orders seems to have bottomed out, with expectations in the plastics and rubber converting industry would also start improving. Demand for plastics and rubber machines slowly seems to be on the increase again, but is faced with financing woes. The industry expects an upward trend in time for the K2010 at the latest.
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