Are U.S firms holding the line?

Esposito, Frank
February 2006
Plastics News;2/6/2006, Vol. 17 Issue 49, p1
Trade Publication
The article focuses on issues related to the U.S. plastics industry. The U.S. plastics industry is in the middle of a major shift in goals, going from a strategy of growth via replacing traditional materials to one of holding on to a manufacturing position that took 50 years to build. The industry remained the fourth-largest manufacturing business in the country but a recent three-year period saw more than 500 plastics facilities close and almost 70,000 jobs lost. One big unknown heading into 2006 will be the longer-term effect of disruption caused by the hurricanes of 2005. The 2004 plastic products trade deficit with China and Hong Kong was almost $5.1 billion, an increase of almost 19 percent from 2003.


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