Resin manufacturers have faced numerous challenges during the past few years, but are relatively optimistic about 2012 and beyond.
David Savastano, Ink World Editor05.31.12
For resin manufacturers, 2011 was full of challenges, as volatility in the cost and supply of key raw materials, combined with weakened demand, made for a difficult year. However, resin industry executives say that sales of resins have been on the upswing in 2012, and are optimistic about the market.
“Resins used in packaging inks and overprint varnishes were steady in 2011, although there was noticeable softening toward the end of last year as consumer confidence waned and everyone in the value chain managed their inventories very tightly,” said Rick Krause, business director, BASF Corporation – Resins and Performance Additives.
Mr. Krause noted that 2012 has started steadily with growing optimism of a return to some economic growth, but even packaging has not yet fully returned to its typical GDP growth rates.
“There continues to be pressure on industry profitability as the entire value chain struggles to recover raw material cost increases that con
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