Brazil producers banking on better economy for 2013 - Abiplast

20 May 2013 18:35  [Source: ICIS news]

SAO PAULO (ICIS)--The global consumer market should recover its strength in 2013 following a slow overall GDP growth in 2012, the president of Brazil’s plastics industry association (Abiplast) said on Monday in his annual report.

Brazil’s plastics producers hope to cash on the growth that the global economy is seeing, Jose Ricardo Roriz Coelho said on Monday. He held a press conference at the Feiplastic 2013 convention.

Abiplast looks to help the industry grow and overcome obstacles such as “Brazil cost” – a term often used for the obstacles facing Brazilian manufacturing that lead to higher costs, Coelho said.

The organisation is also working to help domestic plastics producers overcome variations in raw material costs, high interest rates and growing international competition, he said.

Last year was a tough one for Brazil’s plastics producers, as production decreased by 0.4% compared with 2011, Abiplast said back in February.

The organisation pointed to a slump in the production of plastic laminates in particular, which was down by 6.7%, while production of plastic packaging increased slightly by 0.4%.

So far in 2013, demand has improved faster than Brazil can produce plastics, according to data released earlier this month by Abiplast.

Brazil’s trade deficit in the processed plastics sector reached $598m (€466m) in the first quarter of 2013, a 16% jump compared with $515m in the same period last year, the organisation said.

Exports of processed plastics in the first three months of the year fell by 8% year on year to $304m, while imports were up by 7% to $902m, Abiplast said.

Abiplast represents more than 11,500 plastic manufacturing companies in Brazil and about 350,000 employees.

Additional reporting by Simon West

($1= €0.78)

By: Jeremy Pafford
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index