Manufacturing Industry
PLASTICS' PROSPECTS CONTINUE TO SHINE
Plastics News, July, 1998
Forecasting, though always risky, nevertheless can provide interesting fodder for debate. Witness the latest nuggets from CIT Group, which this month released its eighth annual plastics industry outlook, with projections through the year 2000. Among the most startling: The prediction by Michael R.
Paslawskyj, CIT's vice president of economic research, that in 1998 Mexico will surpass Canada as the largest foreign consumer of U.S.-made processed plastic products. "I was flabbergasted when I saw the numbers," admits Paslawskyj, who has been tracking plastics industry market trends since 1991. U.S. plastic product exports to Mexico rose nearly 20 percent to a record $2.13 billion last year, just $29 million less than the amount shipped to Canada in 1997, according to...
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