Article: Consultant: Lightweight trend hurting PET.(News)

Byline: Mike Verespej

The first PET price hikes since last fall's free-fall drop from 85 cents to 56 cents are bringing some margin relief to producers. But market growth will be flat this year, and there will be only a slight uptick in 2010, predicts John Maddox, president of PET industry consultant SBA-CCI Inc. of Jacksonville, Fla.

"Lightweighting is kicking this industry's butt, Maddox said in an interview at the recent Plastics Recycling Conference in Orlando. "It is going to negate a lot of inherent growth that is taking place even in this difficult economy.

There has been some price relief of late, he said. What's more, he expects ...

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