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Article: Consultant: Lightweight trend hurting PET.(News)
- Article from:
- Plastics News
- Article date:
- March 30, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, 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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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 ...