Atlas Copco Compressors Acquires New York-Based Northeast Compressor

ROCK HILL, S.C. — November 17, 2022 — Atlas Copco has acquired the operating assets of Northeast Compressor. Northeast Compressor sells air compressors, related equipment, and services to a broad range of industrial customers in upstate New York.

Northeast Compressor, which also has a strong parts and maintenance business, was initially started in the 1980s, and has been a part of Kinequip Inc. since the 1990s. Northeast Compressor is located in North Syracuse, N.Y. Six employees will join Atlas Copco.

“Northeast Compressor has a strong parts and maintenance business,” said Vagner Rego, Business Area President, Compressor Technique. “The acquisition will help us get closer to customers and grow our geographic coverage in upstate New York.”

The purchase price is not disclosed.

The acquired business will become part of the Compressor Technique Business Area.

Posted: November 18, 2022

Source: Atlas Copco Compressors LLC

Indorama Ventures’ Deja™ Brand Recognized As ‘Best Sustainable Product’ At The Chemical Week Sustainability Awards

BANGKOK, Thailand — November 18, 2022 — Indorama Ventures Public Co. Ltd. (IVL), a global sustainable chemical company, has been named winner of the Best Sustainable Product Award at the Chemical Week Sustainability Awards 2022. The award was for IVL’s Deja™ Carbon Neutral pellets, the world’s first carbon-neutral virgin polyethylene terephthalate (PET) resins, helping to reduce environmental impact.

Sanjay Ahuja, executive president of Combined PET at Indorama Ventures, said: “This recognition by Chemical Week marks another milestone in IVL’s sustainability journey. This award recognizes our team as they continue to achieve our vision of being a world-class sustainable chemical company making great products for society.”

The Deja brand covers carbon neutral virgin and recycled PET resins and a range of recycled PET (rPET) products, including flakes, resins, fibers, and yarns. It provides IVL’s global customers with a range of high-performance applications, including packaging, lifestyle, automotive, apparel, and medical equipment. The solutions help environmentally conscious companies meet their sustainability goals.

IVL has set ambitious 2025 and 2030 targets, which shall be met through its six-pronged decarbonization strategy, including energy transition, improving operational efficiency, circular feedstock, and future technologies. The company also has a goal to recycle 100 billion PET bottles annually by 2030.

“We are proud to have introduced the world’s first certified carbon-neutral virgin PET pellets. Sustainable innovation is the key to our success, and we are already realizing the environmental and economic benefits of PET circularity while meeting our decarbonization targets. Deja supports the UN Sustainable Development Goals of promoting a sustainable, greener circular economy.” Mr. Ahuja added.

Chemical Week Sustainability Awards recognize the industry’s best efforts in addressing financial, operational, and strategic challenges by focusing on ESG and sustainable product development. The awards were assessed by S&P Global, the world’s leading credit rating agency, and a panel of experts from various companies across the chemical industry’s value chain.

Posted: November 18, 2022

Source: Indorama Ventures Public Company Limited (IVL)

VDMA: Incoming Orders And Turnover Continue To Grow

BRUSSELS — November 18, 2022 — Orders and sales of the German manufacturers of Textile Care, Fabric and Leather Technologies are still on a growth course: in the period from October 2021 to September 2022, incoming orders increased by 37 percent in real terms and sales are also positive for the technology manufacturers with a growth of 14 percent compared to the previous year. Only exports in the sewing and garment technology sector weakened slightly in the first eight months of 2022 and fell by 5 percent to 265 million euros.

Poland still the most important export market

The most important export market from a German perspective was Poland, followed by Italy and France. German suppliers of shoe and leather technology were again able to increase their exports by 8 percent to 34 million euros in the period from January to August 2022. Here, the main customer countries were the USA, Mexico and Italy. Exports of German laundry and dry-cleaning technology also increased in the first eight months of 2022 by 17 percent to 272 million euros. As last year, the most important export markets were Poland, the USA and Turkey.

“The mood among manufacturers of Textile Care, Fabric and Leather Technologies is largely positive,” said Elgar Straub, Managing Director of VDMA Textile Care, Fabric and Leather Technologies at the trade association’s industry meeting in Brussels. “Despite the enormous increase in energy costs, the still existing problems in the supply chains and the still unforeseeable consequences of the war, the industry representatives report well-filled order books.”

Industry meeting in Brussels

The VDMA Textile Care, Fabric and Leather Technologies industry meeting was held in Brussels for the first time. The focus was on topics such as the EU’s Green Deal initiative and its consequences for SMEs, as well as current EU trade policy issues. In particular, the relationship with the United States was discussed and the participants had the opportunity to exchange views with representatives of the European Commission.

Posted: November 18, 2022

Source: The VDMA Textile Care, Fabric and Leather Technologies

 

Kelheim Fibres Once Again Awarded With Dark Green/Green Shirt In Canpoy’s Hot Button Report

KELHEIM, Germany — November 18, 2022 — In this year’s “Hot Button Report” released on November 9, 2022, by environmental NGO Canopy, Kelheim Fibres has once again achieved a top position with a dark green/green shirt and was able to improve its overall ranking by another 1.5 points compared to the previous year.

The Hot Button Report thus confirms the viscose specialty fiber manufacturer’s leadership role when it comes to conserving Ancient and Endangered Forests. For example, Kelheim Fibres has once again increased the proportion of FSC®-certified pulp in its production and confirmed in an audit that its supply chain is low-risk of sourcing from Ancient and Endangered Forests. There was also credit for the active and public support of Canopy’s work, as well as research and development of low impact Next Generation fiber solutions.

And finally, the Bavarians achieve top points in the areas of chemical management and transparency. As a member of the non-profit organization ZDHC (Zero Discharge of Hazardous Chemicals), Kelheim Fibres supports their goal of completely eliminating harmful substances from the textile value chain. Furthermore, Kelheim Fibres is the only EMAS-validated viscose fiber manufacturer worldwide to regularly publish all relevant environmental data.

“We are proud to have improved again in the Hot Button Report and to be able to hold our own as a relatively small viscose fiber manufacturer among much larger companies,” said Matthew North, commercial director at Kelheim Fibres. “Our fibres are an environmentally friendly alternative to synthetic materials — of course, this is only possible because we also live the environmental concept in the sourcing of our raw materials and in all steps of production.”

Posted: November 18, 2022

Source: Kelheim Fibres GmbH

SOORTY Launches Newest Denim Collection: The Philosophy of Denim

KARACHI, Pakistan — November 17, 2022 — Soorty, one of Pakistan’s largest vertically integrated denim companies, is pleased to announce its newest denim collection, The Philosophy of Denim prepared with responsible denim pieces that are made to last and designed for all lifestyles for everyone. The collection designed as an attempt to find an answer to the question “How you want to live and where do your clothes fall in in this scenario?” also utilizes their newest denim design concept based on innovation, Longevity. This sub concept emphasizes Soorty’s commitment to making quality clothing that can last for generations and brings awareness to environmental impacts of fashion production and consumption.

All products have a lifecycle, and Soorty believes both designers and consumers play a critical role in determining it. Being a design-centric company, Soorty approaches denim as the ultimate canvas offering countless possibilities and blends responsible innovation with conscious materials to truly merge purpose, function, aesthetics, cultures, and economy. The collection is broken down by three main concepts:

  • THE EVERYDAY DENIM – a thoughtful blend of comfort, durability, and functionality — rich in details, crafted with considered fabrics all utilizing smart technologies that radically reduce the need for water, chemicals, and energy.
    • Everyday Essentials – a variety of fabric options in different compositions, weights and comfort levels woven to be the canvas for go-to denims and jeans.
    • Core Denim – prevailing stories beyond genders, trends, and fits, this is a collection of Soorty’s authentic core fabrics for jeans one can wear all day, every day.
    • Cross Hatch Fabrics Family – crosshatch denim is woven with uneven, or slub yarn for both the warp & the weft providing a unique crisscrossed pattern as it fades. This season Soorty offers a wide range of cross hatch denim options in different weights and stretch levels.
  • THE CULTURE OF DENIM – Easy to style and function, denim is the ultimate allrounder. Created with a minimalist and timeless style, The Culture of Denim concept is made with this ideology, from staple pieces, with the idea of doing more with key looks to offer maximum versatility.
    • Longevity – Crafted to be a canvas for jeans that are durable, responsible, and made to last.
      • Built stronger to last longer, offering functional and emotional durability, this fabric family is woven with carefully selected materials and vigorous construction processes that increase product lifespans and decrease our impact on fashion’s contribution to textile waste.
    • 3D Textures – Designed with a 3D texture, super soft hand feel, and ultimate wear comfort, this fabric family was woven with dobby looms for added texture. Offering a corduroy-like effect echoing the timeless classic Bedford dobby, the collection has multiple options ranging from mid weights to lighter ones, denims to PFGDs, rigids to stretch ones.
    • Future Vintage – A take on heritage denim to redefine it: Authentic looking and performing denim inspired from the past, made with today’s technology to be the vintage of tomorrow.
    • Herbal Blue – Denim fabrics dyed with natural, biodegradable indigo (extracted from the Indigofera plant). Offering true denim heritage aesthetics of with improved environmental impact the BOD* and COD* caused by the synthetic indigo dyes is prevented.
  • THE ART OF DENIM – With worn-in looks, and responsible cotton alternative fibers woven so artistically and considered innovative finishes, the Art of Denim collection approaches denim as an artist approaches his/her canvas: tackling our emotional connection with our wardrobe by emphasizing the power of ownership.
  • Art of Denim enables us to explore how denim becomes both individualistic and tribal with the max level of customizations – combinations of embroidery, layering textures on top of each other as a canvas for art and creativity. It brings together multiple possibilities in denim:
    • Hemp – Being a natural and protective fiber with environmentally conscious features, hemp habitually adds on to the beauty of denim. A range of options woven with virgin hemp for more fashion looks to cottonized hemp for softer ones with added wear comfort.
    • Colored Modal –
    • INDIGO MODAL IN WEFT. No bleeding, depth of color, rich look, and an incredibly soft feel from the inside.
    • FOREVER GRAY. A Soorty innovation – an upgrade to our highly favored Forever Black utilizing our unique yarn technology to blend black and white modal for grays that do not fade.
    • Recycled – A unique blend of repurposed and recycled materials engineered to avail smart resourcing and circular design in denim while still carrying all attributes of an authentic one: from looks to strength, hand feel to character. Soorty has a state-of-the-art recycling unit with a capacity of 500,000 jeans / month and our recycled fabrics utilize the international standards certified by the GOTS & RCS.
    • Coatings – A laser friendly fashion look story Using less water, less energy and less chemicals, coating is much more responsible compared to traditional over dyes. Plus, since the color is not penetrated into the yarns like it is in traditional dyeing, the colors washes away easily leaving a 3D, white contrast in laser and other laundry.
    • Color Theory – Soorty’s smart and responsible over-dyeing technology with ozone, which not only allows us to use less of what is limited but also make a unique use of it. Applicable on different bases and uses 70% less water and steam compared to conventional over dyeing processes.
    • Conscious Fibers – Effortlessly luxurious, soft, and easy to-care-for fabrics woven with smart materials such as Naia™ Renew (obtained from sustainably sourced wood pulp and 40% certified* recycled waste plastics) providing a wear comfort that look, feel, and do good.

Soorty is actively trying to bring good both socially and environmentally by simply producing the most responsible denim fabrics and garments they can and focuses on ongoing and growing concepts. The manufacturer approaches production as an ongoing process of evolution and considering designing systems and philosophies that will bring the positive impact that the industry needs.

As one of the largest vertical denim manufacturers in the world, Soorty knows that production at scale has the power to change things and they are dedicated to making the impact on the environment, a positive one, by using less of what is limited while making more and better use of it. This is the age of a global awakening, abandoning the norm and embracing change which is necessary for a transition towards a brighter future for the industry. Soorty is truly at the forefront of sustainability, inclusivity, technology, and education in the industry.

Posted: November 17, 2022

Source: Soorty

Gherzi Expands North American Consulting Capability

ZURICH, Switzerland — November 17, 2022 — The Gherzi Textile Organization announced today the appointments of Eric Goldstein, David McAlister, Fernando Arguelles, and April Kappler as management consultants expanding the range and depth of services offered by Gherzi-USA.

In making the announcement, Robert Antoshak, Gherzi Partner and manager of the US office, said: “These industry leaders greatly enhance Gherzi-USA’s capabilities in fibers, textiles, apparel, new technologies, and sustainability. In addition, these professionals bring over 130 years of combined experience in the entire textile supply chain, from sourcing to manufacturing, to agricultural and sustainable business practices, and from operations to sales and marketing.”

Goldstein is a leading expert in all aspects of denim, from brand building to production and new technologies. He previously held positions with Ralph Lauren, where he launched RRL, and Gap Inc., where he created the 1969 label. Goldstein also founded Jean Shop in New York City, is a patent holder, and consults with different brands worldwide.

An expert in fibers and textiles, McAlister, an accomplished senior-level manufacturing, product management, and research professional, held positions at Uster Technologies, USDA, Parkdale Mills, and Mount Vernon Mills. He is a leading expert in cotton technology.

Arguelles, the well-known yarn and textile marketer, had roles with Parkdale Mills, Intradeco Apparel, and TNS Mills, and has vast experience consulting with companies throughout the Americas.

An accomplished supply chain manager and environmental advocate, Kappler held positions with Cotton Council International (CCI), North Carolina Department of Commerce, ColorZen, and, most recently, the Better Cotton Initiative (BCI) serving as project manager liaising between stakeholders in the cotton industry.

The Gherzi Organization was founded in Switzerland more than 90 years ago. Gherzi is an independent, global firm of more than 120 consultants, technical specialists, engineers, architects, and planners working across all areas of industrial and infrastructure projects

Posted: November 17, 2022

Source: The Gherzi Textile Organization

AATCC Releases 2023 Proficiency Rounds

RESEARCH TRIANGLE PARK, NC — November 17, 2022 — Labs can now register for all 2023 AATCC Proficiency Testing Programs (PTP). The online registration process allows labs to complete registration and credit card payment in one easy step. Just add PTP registration(s) to your cart along with quality control materials, standards, and other items. Register now to avoid the rush. The first registration deadline is December 1 for the January Color Evaluation round!

PTPs support certification and continuous improvement initiatives for textile laboratories. Compare results with hundreds of other labs to verify performance or identify areas for improvement.

Seven AATCC programs cover Antibacterial, Appearance, Color Evaluation, Colorfastness, Fiber Analysis, Moisture Management and Water Resistance test methods and evaluation procedures. Samples are selected to provide consistent results in a meaningful range for each program.

How it works:

  • Labs register for one or more PTPs.
  • AATCC sends samples, instructions, and data sheets to participating labs twice per year.
  • Labs have approximately one month to complete testing and submit results by email.
  • AATCC distributes a report to participating labs with a confidential lab code.
  • Each lab receives a Certificate of Participation.

PTP1: Visual Color Evaluation

Deadline to Register: December 1, 2022, and June 1,2023

Samples shipped January and July

  • EP1, Gray Scale for Color Change
  • EP2, Gray Scale for Staining
  • EP7, Instrumental Assessment of Change in Color of Test Specimen
  • EP12, Instrumental Degree of Staining

PTP2: Fiber Analysis

Deadline to Register: January 2, 2023, and July 1, 2023

Samples shipped February and August

  • TM20, Fiber Analysis: Qualitative
  • TM20A, Fiber Analysis: Quantitative

PTP3: Appearance & Physical Properties

Deadline to Register: February 1, 2023, and August 1, 2023

Samples shipped March and September

  • TM88B, Seam Smoothness in Fabrics after Home Laundering
  • TM88C, Crease Retention in Fabrics after Home Laundering
  • TM124, Appearance of Fabrics after Home Laundering
  • TM128 Wrinkle Recover of Fabrics: Appearance Method
  • TM135, Dimensional Changes of Fabrics after Home Laundering
  • TM179, Skew Change in Fabrics after Home Laundering

PTP4: Antibacterial

Deadline to Register: March 1, 2023

Samples shipped April

  • TM100, Antibacterial Finishes on Textile Materials: Assessment of
  • TM147, Antibacterial Activity Assessment of Textile Materials: Parallel Streak Method

PTP5: Resistance & Repellency

Deadline to Register: April 1, 2023, and  September 1, 2023

Samples shipped May and November

  • TM22, Water Repellency: Spray Test
  • TM35, Water Resistance: Rain Test
  • TM42, Water Resistance: Impact Penetration Test
  • TM118, Oil Repellency: Hydrocarbon Resistance Test
  • TM127, Water Resistance: Hydrostatic Pressure Test

PTP6: Colorfastness

Deadline to Register: May 1, 2023, and November 1, 2023

Samples shipped June and December

  • TM8, Colorfastness to Crocking: Crockmeter Method
  • TM15, Colorfastness to Perspiration
  • TM16.3, Colorfastness to Light: Xenon-Arc
  • TM61, Colorfastness to Laundering: Accelerated
  • TM107, Colorfastness to Water
  • TM133, Colorfastness to Heat: Hot Pressing
  • TM162, Colorfastness to Water: Chlorinated Pool

PTP7: Moisture Management

Deadline to Register: September 1, 2023

Samples shipped October

  • TM79, Absorbency of Textiles
  • TM195, Liquid Moisture Management Properties of Textile Fabrics
  • TM197, Vertical Wicking Rate of Textiles: to  Specified Distances
  • TM198, Horizontal Wicking of Textiles
  • TM199, Drying Time of Textiles: Moisture Analyzer Method
  • TM200, Drying Rate of Textiles at their Absorbent Capacity: Air Flow Method
  • TM201, Drying Rate of Fabrics: Heated Plate Method
  • TM204, Water Vapor Transmission of Textiles
  • TM213, Vertical Wicking Rate of Textiles: to Specified Times

Posted: November 17, 2022

Source: AATCC

Lenzing Tops Canopy’s Globally Renowned “Hot Button Ranking” 2022

LENZING, Austria— November 17, 2022 — The Lenzing Group, the world’s leading supplier of sustainably produced specialty fibers, achieved first place in the “Hot Button Ranking” of the Canadian non-profit organization Canopy, thus confirming its leading role in the areas of sustainability and responsible wood and pulp sourcing. Lenzing can also once again celebrate a dark green shirt, synonymous with the highest category.

In this ranking, which receives a lot of attention in the textile and apparel industry, Canopy evaluates the world’s 34 largest producers of cellulosic fibers in terms of their sustainable wood and pulp sourcing, their efforts with regard to the use of alternative raw materials and their achievements in the protection of ancient and endangered forests. Resource preservation is a key element of Lenzing’s corporate strategy and at the core of its innovation agenda. The sustainable production of TENCEL™, VEOCEL™ and LENZING™ ECOVERO™ branded specialty fibers is based on these principles.

“We are very pleased that the steps we are taking as the Lenzing Group to continuously improve and find solutions to the most pressing problems of our time are being seen and honored,” said Robert van de Kerkhof, chief commercial officer, Fiber, of the Lenzing Group. “We are working hard to make our industries even more sustainable and to drive the transformation of the textile business model from linear to circular. Further efforts from the entire industry are needed for this transformation to take place,” van de Kerkhof said.

Efficient use of resources

Wood and the pulp derived from it are the most important raw materials for the sustainable production of cellulosicfibers from Lenzing. The Lenzing Group assumes responsibility by striving for sustainable procurement based on environmental certificates and responsible and efficient use of these valuable resources. Lenzing sources wood and dissolving pulp from sustainably managed forests and plantations and not from ancient, protected or endangered forests.

Promoting the circular economy

With its REFIBRA™ and Eco Cycle technologies, Lenzing offers solutions for transforming the textile and nonwovens industries towards a circular economy. In line with its vision for the circular economy, “We give waste a new life. Every day.” Lenzing is driving the industry toward a full circular economy by striving to give waste a new life in all aspects of its core business and developing circular solutions together with potential partners inside and outside the current value chain. A milestone on this path is the cooperation with the Swedish pulp producer Södra. The two global market leaders, who have been proactively promoting the circular economy in the fashion industry for many years, are joining forces to give the topic a further boost and make a decisive contribution to solving the global textile waste problem by making fibers from post-consumer textiles.

Today, Lenzing offers lyocell fibers made from 30 percent recycled cotton waste. The company aims to launchlyocell, modal and viscose staple fibers with up to 50 percent recycled post-consumer content on a commercial scale by 2025 and to develop a new circular business model by closing the loops for post-consumer waste. By 2025, the company plans to enter into further partnerships with 25 key supply chain companies, which again exemplifies Lenzing’s ambitious path in climate protection and the circular economy.

Posted: November 17, 2022

Source: The Lenzing Group

Climate Impact Mapping Of Swedish Textile Machinery

STOCKHOLM, Sweden — November 17, 2022 — Over the past year, TMAS, the Swedish Textile Machinery Association, has been working with ClimatePartner on a corporate carbon footprint (CCF) mapping project with its member companies, as a natural step towards supporting a more sustainable textile industry.

Over half of the members of TMAS are participating in the project, which involves calculating each operation’s Scope 1, 2 and 3 emissions in order to identify the current climate impact and areas where reductions can be made.

“Integrating climate action into strategies is becoming increasingly important in Europe and we have decided to take a pro-active role,” said TMAS secretary general Therese Premler-Andersson. “There is growing pressure from customers to be more transparent in this area and forthcoming legislation will soon make it necessary for all to take climate actions. TMAS members, however, recognize the benefit of taking action now, not least in terms of taking responsibility and demonstrating credibility.”

The CCF project’s scope examines all aspects of a business split into five areas:

  • Facility Management (heating, electricity, water, cooling agents and waste disposal);
  • Employee Mobility (commuting and company cars);
  • Business Travel (flights travel by train, rental cars);
  • Procurement (production, packaging and office materials); and
  • Logistics (inbound and outbound).

Primary data is being used wherever possible and emission factors originate from internationally recognized databases such as ecoinvent and GEMIS.

“Each company is very different in terms of size, structure and operations, but they share common goals in the design and production of textile machinery that is flexible and highly automated, and wherever possible enables savings in energy, water and chemicals consumption,” Premler-Andersson said. “The textile industry has become highly globalized over many decades and will benefit greatly from the close examination of practices and supply chains. The Covid-19 pandemic led to many new ideas about how to do things differently, out of necessity. It saw the introduction of new and innovative digital tools and remote services that are here to stay, and will have important roles to play going forward.

The ClimatePartner measurement program is based on the guidelines of the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard (GHG Protocol), and factors in all greenhouse gases covered by the Kyoto Protocol. These are carbon dioxide (CO₂), methane (CH₄), nitrous oxide (N₂O), hydrofluorocarbons (HFC), perfluorocarbons (PFC), sulphur hexafluoride (SF₆) and nitrogen trifluoride (NF₃).

Each of these gases affect the atmosphere differently and remain in the atmosphere for different lengths of time. Rather than reporting on each gas separately, they are expressed as a CO₂ equivalent (CO₂e) for the sake of simplicity. A CO₂e is essentially a conversion into a ‘global warming potential’ value that enables the influence of different gases on global warming to be compared.

“The work does not end here — on the contrary, now when we are recognizing our current practices, our work to reduce emissions in an efficient way will continue,” Premler-Andersson concluded.

The Textile Machinery Association of Sweden (TMAS) comprises the leading Swedish companies with textile technology, automation and production processes. The expertise of its members ranges from advanced systems for yarn fault detection and tension monitoring, to yarn feeding technology for weaving, automated sewing production lines, cutting machines, embroidery technology, effective material handling systems, spray application system for fabric finishing and much more.

Posted: November 17, 2022

Source: TMAS, the Swedish Textile Machinery Association

Plastics Machinery Shipments: In Sync With Slower Economy, Up From 2021

WASHINGTON — November 17, 2022 — The shipments of primary plastics machinery (injection molding and extrusion) in North America slowed in the third quarter according to the statistics compiled and reported by the Plastics Industry Association’s (PLASTICS) Committee on Equipment Statistics (CES).

The preliminary estimate of shipment value from reporting companies totaled $353.8 million in the third quarter of 2022. While this is a decrease of 14.4 percent from the previous quarter, the estimate increased by 6.0 percent from a year earlier. Of the three primary plastics type of machinery, the value of injection molding shipments fell 17.1 percemt in the third quarter. Shipments of single-and twin-screw extruders rose by 4.9 percent and 12.4 percent, respectively, in the third quarter. Compared to the third quarter last year, shipments of single-screw extruders fell by 13.1 percent while shipments of twin-screw extruders rose by 19.3 percent.

“It can be argued that the slowdown in plastics machinery shipment in the third quarter is in sync with the cooling of the U.S. economy. However, compared to the quarterly shipments in 2021 — a stellar year for the plastics industry particularly for plastics equipment suppliers — this year’s third quarter shipments remain above the first three quarters’ shipments last year,” stated Dr. Perc Pineda, PLASTICS chief economic officer. “Historically, there is a bump up in shipments in the fourth quarter. This was the case even before the COVID-19 pandemic. Given supply chain issues due to the pandemic, which have stretched delivery lead time, it would not be surprising to see shipments in the fourth quarter to be above the third quarter. There is also a huge year-end push for businesses to get their manufacturing capacity in gear for the coming year. This should support stable demand for plastics equipment next year, albeit lower than this year because of moderating economic growth”concluded Pineda.

The CES also conducts a quarterly survey of plastics machinery suppliers that asks about present market conditions and expectations for the future. The outlook of the survey participants, particularly for the next 12 months, has not changed significantly. While 31.3 percent of the survey respondents expect market conditions to either improve or hold steady in the next quarter, 34.4 percent expect market conditions to be steady-to-better, which was marginally lower than the 35.0 percent in the second quarter’s survey results. “The outlook for the next 12 months virtually unchanged from the second suggests that plastics equipment suppliers have considered slower economic growth ahead and have not strategized accordingly for the 2023,” said Pineda.

Plastics machinery exports decreased by 10.2 percent to $198.8 million in the third quarter. Mexico and Canada remained the top export markets of plastics machinery from the U.S. in the third quarter. The combined exports to USMCA partners totaled $109.7 million, which was 65.9 percent of total plastics machinery exports of the U.S. Imports decreased by 12.1 percent to $423.6 million in the third quarter. U.S. plastics machinery trade deficit narrowed from $260.7 million in the second quarter to $224.7 million in the third quarter. Moderating global economic growth and a strong U.S. dollar is slowing plastics machinery trade.

“In sum, the third quarter data is consistent with the projected growth in plastics machinery shipments for the second half of 2022. However, the U.S. manufacturing sector continues to face headwinds — elevated energy prices, rising interest rates, and inflation — which could weigh on the economy’s manufacturing output in 2023,” said Pineda.

Posted: November 17, 2022

Source: Plastics Industry Association (PLASTICS)

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