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Article: Strong polymer demand from Russia: growing demand for thermoplastics in Russia opens new opportunities for foreign investment.(GLOBAL NEWS: EUROPE)
- Article from:
- Plastics Engineering
- Article date:
- July 1, 2007
CopyrightCOPYRIGHT 2007 Society of Plastics Engineers, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Demand for thermoplastics in 'Russia reached nearly 3.3m tonnes in 2006 according to a recently published report from AMl. The market last year grew by over 15% compared with 2005, and since 2000 demand for thermoplastics has more than doubled.
Despite these impressive growth figures, the market is still hugely underdeveloped compared with Europe. Per capita consumption is just 23kg contrasted with over 80kg for the EU, and the manufacture of plastic products is still only about two-thirds of 1991 levels. Since the financial crisis of 1998 however, greater political and economic stability has led to increased investment in plastics processing which has resulted ...