Latest figures show that the growth rate of total European installed plastics recycling capacity went down from 17% to 10% year on year in effect giving 12.5 million tonnes in 2022.
According to traders, clients have been ordering both large lots of several hundred tonnes and small ones of under 24 t delivered on pallets.
Despite raw material depreciation, converters did not buy more, they continue to purchase raw materials only on an as-needed basis. Some of them are using the stocks built during previous months
Chem-Courier forecasts polyolefins to hold their value until the end of the month.
A reported shortage of polyolefins in Poland has caused panic among converters.
"Many customers are interested in prices and will most likely start restocking in August" - a market participant said.
Untha shredding technology GmbH, the Austrian manufacturer of industrial shredding systems, looks back on a successful 2022: The company achieved yet another record turnover in the region of 80 million Euro, set up a new subsidiary in Turkey, noted a distinct improvement of supply conditions, came up with product innovations, made progress with regard to digitalisation and hired 50 new employees.
The company is on track to exceed its 2025 goal to reduce operational emissions by 25%
Among economies such as Germany or Portugal, Poland is a domineering European producer of tools for processing of plastics used in many sectors. None of these sectors could function without high quality tools.
Almost 400 Italian companies in the plastics and rubber sector registered for the upcoming edition of K, taking place in Düsseldorf on 19-26 October 2022.
European mechanical plastics recycling exceeded 8 million tonnes in 2021 despite feedstock insecurities caused by Covid-19 slowdown
Total packaging industry deals for February 2020 worth $823.28m were announced globally, according to GlobalData’s deals database.
