26 April 2011 21:49 [Source: ICIS news]
SAO PAULO (ICIS)--Brazil’s Plastic Industry Association (Abiplast) expects domestic demand for engineering plastics to continue double-digit growth over the next few years, the group said on Tuesday.
According to Abiplast, the positive outlook is the result of growing demand for electronics as well as for the automobiles.
However, the country relies on large amounts of imported engineering plastics because domestic production is still low, according to Abiplast.
According to the latest data from Brazil’s Geography and Statistics Institute (IBGE), Brazil produced 93,000 tonnes of engineering plastics in 2008.
Meanwhile, some 210,000 tonnes of engineering plastics were imported in 2010 from Europe, the US and Asia, according to Abiplast.
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