Manufacturing Industry
Supplier News.(Briefs)
Plastics News, September, 2004
Two reports address machinery suppliers MOUNTAIN VIEW, CALIF. - Frost & Sullivan of Mountain View has issued two reports on plastics processing machinery. One is a study of how processing work moving offshore has affected companies that supply machines to the U.S. market. The other looks at partnerships between equipment makers and processors.
China has a huge labor-cost advantage, creating strong incentives to move plastics factories there. Research analyst Laurel Donoho said China's undervalued currency, the yuan, also has helped fuel the voracious U.S. appetite for Chinese-made goods. "The net result of these trends has been a severe negative impact on the plastics processing machinery markets,'' Donoho said. "While demand for plastics products is...
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