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Austrian Plastics Processing Picking up Pace in 2010

Plastics Recycling © photocase.com/Jürgen W

© photocase.com/Jürgen W

May 21, 2010

Industry Report by Bank Austria Economics Department Available Online  

After a difficult and challenging 2009, the Austrian plastics processing industry is set to pick up pace in 2010 and grow slowly but steadily at an annual rate of 2% - 3%. The plastics industry in Austria is an extremely competitive sector and has traditionally grown much faster than its European counterparts. At the same time, plastics products have helped to boost the trade surplus with a contribution of 3% to Austrian exports.

Key findings of the report:

· Massive setbacks with double-digit drops in production and sector sales in 2009
· Sluggish recovery in sector activity, still accompanied by substantial downsizing
· Sector remains competitive, has advantages in the production of packaging and technical plastic components.

To access the full report compiled by the Economics Department of Bank Austria, please click here .
  

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