From challenges to opportunities: favorable climate for the plastics industry
The plastics industry in ASEAN (Association of Southeast Asian Nation) remains untroubled by global developments that are also impacting the growth path of key industries. With K 2016, the world’s largest trade fair for plastics and rubber, coming up in Düsseldorf, Germany (October 19-26, 2016), here is a closer look at this market.
The new norm of economic growths and trends such as oil prices, variable supply and demand, and weakening of most Asian currencies against the US dollar, have allowed the region’s countries to rediscover their strengths to sustain growth either individually or as a part of the collective grouping of the 10-member ASEAN, which comprises Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Myanmar and Cambodia.