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2007 has been a great year for German plastic and rubber industries. The first 6 months of 2007 show an excellent
growth, that surpassed forecasts.
Plastic and rubber machineries have shown almost 11% growth in 2007.The rubber industry, generally a laggard,
has also shown almost 4.5% growth. The plastic raw material production had a growth rate of little less than 10%.
Higher costs and severe competition from the Middle East on one hand, and cheaper plastic end products from the
Asian region on the other hand, are some of the problems that have to be faced by German plastic manufacturing business.
German polymer industry heavily depends upon export market. Almost 43% of the total output is exported from Germany. The
rubber industry has the lowest share of 30%, while machineries have almost 75% share of the export. The German products
and machineries are forefront in technology and reliability, and has to
face plagiarism globally. Many other countries tend to imitate German machines and products.
As done so far, German polymer industry will continue to innovate and continue its excellence in all fields of the industry. |