UK plastics industry sees positive signs in 2010

The Polymer Society
,
24 Feb 2010

The
British Plastics Federation (BPF) published its January Business
Conditions' Survey on 28 January, and at its Council Meeting shared views on business trends with the UK Bank of England and Department of Business,
Innovation and Skills (BIS).

The key
findings of the survey are:

  • 70% of respondents
    forecast an increase in 2010 sales turnover.
  • 44% expected export sales to
    increase this year 2010. The reasons given were favourable exchange rate, some
    recovery in overseas markets and new business.
  • 59% of respondents expected
    their staffing levels to be unchanged in 2010. Last year many had reduced staff levels and introduced
    short time working.
  • Obtaining finance from banks
    was not a problem for most but over a third complained of high
    charges
  • Priorities for
    2010 were finding new business, efficiency, preparing for the
    upturn and staff training.

 

Paul Jukes, President of the BPF said, the meeting 'was an important opportunity for the BPF to tell the Bank and BIS
officials the experiences of the plastic industry businesses, who are key
suppliers into all sectors of the economy. We are by no means out of the recession. It will be a slow and arduous climb to
recovery'.

Further information

British Plastics Federation