Home > News > Content
US Plastic Machinery Shipments Rose Iin The Third Quarter
- Dec 17, 2018 -

According to statistics from the American Plastics Industry Association's Equipment Statistics Committee (CES), North American plastics machinery shipments continued to grow in the third quarter.

The company's third-quarter primary plastics (injector and extruder) shipments in the report were initially estimated at $349.4 million, an increase of 4.1% from the third quarter of $335.5 million. CES added that shipments of injection molding machines in the second quarter were higher than previously expected, up 5.6% year-on-year.

“Plastic machinery shipments rebounded in the third quarter after a weak second quarter,” said Dr. Perc Pineda, chief economist at PLASTICS (Washington, DC). “We expect shipments to rise in the fourth quarter. Our labor market is very tight, and US manufacturers, including plastics machinery manufacturers, have been working to resolve the backlog of production. Therefore, shipments are pushed back to the next quarter."

On a quarterly basis, injection molding machine shipments increased by 2.1%. Shipments of single-screw and twin-screw extruders maintained double-digit growth of 23.8% and 14.2%, respectively. Compared with the third quarter of 2017, injection molding machine shipments increased by 4.6%, single-screw extruders increased by 7.7%, and twin-screw extruders increased by 17.2%.

Pineda said: "In addition to the weak auto and home sales data in the third quarter, the US economy is still in the expansion stage, which is good news for the plastics machinery industry. Although there are predictions that the US economy will grow slightly next year, it is still expected Will maintain a healthy level of growth."