(PRWEB) April 4, 2007
"Can polyethylene terephthalate (PET) producers look forward to improved margins soon?" According to ICIS Chemical Business news- Europe's polyethylene terephthalate (PET) suppliers, still reeling from last November's £100/tonne ($132/tonne) price drop, are adamant that some form of improvement to margins is needed. After a typically flat start to the year, both in terms of demand and margin development, many suppliers are confident and optimistic that the next few months will be positive with bottle-resin sales likely to improve and upping margins.
Central & Eastern Europe PET industry is in transition. The sector is going through market integration, rationalisation and expansion. Intense competition heats up as additional 350.000 tons/ year will be added to the market from Indorama's new plant and rival Neo Group's 2nd line coming up. In addition new capacities announced by Russian producers - Senege, Polief, Sibur will cause concern among European producers.
Latest in the news is the string of rationalizations with La Seda buying up Eastman plant in Spain and Wellman looking to sell its European operations.
Due to flagging feedstock costs, February numbers finally rolled over, with healthy demand helping producers to counter arguments for a drop. The high price of raw materials complements the trend towards light weight preforms. PET producers are also investing in cost effective production processes, like the MTR (Melt-to-Resin) Uhde Inventa Fisher technology that claims to save more than 30% of conversion costs from PTA/EG to PET. Stefan Bartz, Vice President of Sales for Uhde Inventa Fisher will be introducing this technology at CMT's 8th CEEPET 2007 conference to be held in June.
Invited key industry leading companies like Indorama who will share their views on growth and challenges for PET producers in the region. Other presentations will include papers on the impact of additional materials in the market, will new plants curb flow of imports from Asian suppliers, and the largest Chinese supplier to the region - Jiangsu Sanfangxiang Group's perspective on their future expansion plans and selling to the region.
CMT into our 24th year is a global conference organizer based in Singapore. CMT has been producing international conferences for Polyester Intermediates & PET markets since 1996. CMT is recognised for providing market specific information for the PET industry to maximise opportunities in emerging regions. Our PET conferences are held in Asia/China, Middle East, Latin America, Central and Eastern Europe. The CEEPET events have been brought to the following cities - Prague, Budapest, Kracow, Moscow, St. Petersburg, Lithuania, Slovenia. For more details, visit http://www.cmtevents.com