UK plastics industry sees positive signs in 2010
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).
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
- 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