Plastics machinery shipments continued to rise in Q3
Market demand for plastics machinery continued to grow in the third quarter of 2014.
Market demand for plastics machinery continued to grow in the third quarter of 2014, according to statistics compiled and reported by SPI: the Plastics Industry Trade Association’s (plasticsindustry.org) Committee on Equipment Statistics (CES).
“The market conditions that drive investment in new industrial equipment have prevailed throughout all of 2014, and I expect these conditions to persist in 2015. These are: low interest rates, and the need for increased productivity in order to meet rising aggregate demand," according to Bill Wood, the plastics market economist who analyzes and reports on the plastics machinery market sector for the CES.