Manufacturing Industry
Aging population should help PVC.(Special Report)
Plastics News, April, 2004
Byline: Frank Esposito The aging of the U.S. population could be good news for the North American PVC industry. "The shift in the age distribution of the population will favor higher spending on remodeling of homes,'' Brad Esckilsen, PVC marketing director for Formosa Plastics Corp. USA, said at the DeWitt World Petrochemical Review, held March 24-25 in Houston.
That would mean more of a market for PVC siding, windows and doors. The portion of the population aged 45-64 is expected to increase substantially in the next several years, according to Esckilsen. Such a move should offset a drop in new home construction that could materialize if interest rates increase. Interest rates are just above 5 percent, but Formosa anticipates they'll start to climb later...
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