Page 46 - Plastics News October 2021
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BUSINESS NEwS





          US Plastics Exports Shrunk Amid Economic Impact                         Silgan Buys Unicep

                                                                                  Packaging For $237m


                                                                                      S-based rigid packaging supplier
                                                                                 USilgan Holdings has purchased
                                                                                 speciality contract manufacturer and
                                                                                 developer Unicep Packaging for
                                                                                 $237m.The transaction is intended
                                                                                 to expand Silgan’s precision dosing
                                                                                 capabilities and product offerings for
                                                                                 both new and existing markets.Unicep
                                                                                 Packaging specialises in precision
                                                                                 dosing dispensing packaging solutions
                                                                                 for various markets, including health
                                                                                 care, diagnostics, animal health, oral
                                                                                 care and personal care.The company
                                                                                 has two manufacturing facilities in
                                                                                 Spokane, Washington, and Sandpoint,
                                                                                 Idaho.Unicep is expected to generate
             he country’s deficit in plastics  billion  deficit  in  contained  plastics   sales of  almost $45m and around
          Tproducts increased from $15.7  products trade.  The U.S. moldmaking   $18.3m in adjusted earnings before
          billion in 2019 to $20.9 billion in 2020, an  industry had a $1.2 billion trade deficit   interest, taxes, depreciation and
          increase of 33.0%. . Exports of plastics  in 2020, which was 17.9% less than the   amortisation (EBITDA) this year.Silgan
          products fell 6.9%, while imports rose  deficit in 2019. Country’s Mold exports   president and CEO Adam Greenlee
          8.3%.  The U.S. had its largest plastics  rose 0.9%, while imports fell 12.9%.   said: “Unicep is a clear leader in the
          products surplus with Mexico—at  3. The U.S. moldmaking industry had   rapid development and manufacturing
          $2.4 billion.  While China accounted  its largest surplus with Mexico, at $332   of  differentiated precision dosing
          for the largest plastics products trade  million. It had its largest deficit with   dispensing packaging solutions for
          deficit, at $17.8 billion, up 14.8% from  Canada, at $656 million. . Exports
          2019. Countries like South Korea and  of  molds were 19.8% of  domestic
          Vietnam are starting to bite into China’s  shipments, and imports were 64.3%
          market share.  Exports of  plastics  Apparent consumption of molds for
          products  were  12.3% of   domestic  plastics fell 6.9%, from $4.3 billion in
          shipments, and imports were 23.0%. .  2019 to $4.0 billion in 2020.  The  U.S.
          The apparent consumption of plastics  moldmakers held a 55.5% market share
          products fell 0.4%, from $216.9 billion  (percent of apparent consumption) in
          in 2019 to $216.1 billion in 2020. As  2020, up from 52.4% in 2019. The U.S.
          measured by the Producer Price Index,  plastics machinery industry registered a
          plastics products prices realized by U.S.  $2.0 billion trade deficit in 2020, little
          producers fell 0.7% in 2020, suggesting  changed from 2019. Its exports fell   applications in health care, diagnostics
          that apparent consumption grew 0.3%  14.4%,  and  imports  fell 6.5%.   The   and personal care.The Unicep team has
          in real terms. U.S. producers of plastics  industry had its largest surplus with   combined a high-touch commercial
          products held a 79.2% market share  Mexico at $184 million, and its largest   philosophy with a proprietary operating
          (percent  of   apparent  consumption),  deficit with Germany at $772 million.    platform to excel in meeting the unique
          down from 80.9% in 2019.  The estimated  Exports of machinery were 27.5% of   requirements of their customers.The
          value of plastics products contained in  domestic shipments, and imports were   business broadens our exposure to
          exports was $22.2 billion in 2020, and  79.4%.. Apparent consumption of   healthcare and point-of-care diagnostics
          the estimated value contained in imports  plastics machinery rose 2.6%, from $5.7   markets, has existing capacity for
          was $53.1 billion, giving the U.S. a $30.9     billion in 2019 to $5.8 billion in 2020.   continued growth.



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