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.
46 PLASTICS NEWS OCTOBER 2021 47 PLASTICS NEWS OCTOBER 2021