(PRWEB) March 27, 2008
Recent conversations with producers in the region indicate that PET business is difficult in current times. Many are suffering from depressed margins owing to high feedstock costs and an influx of preforms from Far East. Yet PET giants like Indorama are buying up assets in Europe with the recent purchase of Eastman's European PET assets. On the other hand, latest in the news is Neo Group has recently announced new ownership. What's next for PET? Will the industry witness more market consolidation or current producers exiting the game? These issues will be discussed at a CEEPET 2008 conference to be held on 2-3 June in Warsaw, Poland.
In view of the above development, CMT has invited both Neo Group and Indorama to share their views on market consolidation and rationalisation of the PET industry focusing on the challenges for resin producers. Also invited to speak at the 9th CEE PET conference is Mr Andrew Noone, Managing Director for PCI, who will give an overview on the changing patterns of trade and margins outlook resulting from the rationalisation, restructuring and reinvestment of the PET market in Central Eastern Europe (CEE).
Other invited panelists include the region's preform producers EnergoPET and GTX Hanex who will present two separate viewpoints on the latest innovations in PET preform processing. In addition, Group Danone will present a paper on how the company is reducing its environmental footprint in packaging its products
Another key issue that will affect the whole PET supply chain and impact on PET imported materials will be the implementation of REACH which comes into effect on 1 June 2008. Political, technological & environmental forces are driving PET-recycling growth. Availability of food grade PET has improved significantly and companies are starting to use the materials at industrial scale. In the technological realm, better recycling solutions have also meant more efficient energy usage. This will be the focus of the presentation by UMCO Umwelt Consult speaker.
CMT's reputable and the most awaited conference in the region - the 9th CEEPET conference has lined up the right selection of speakers that will give a true insight on the developments in the industry and an opportunity to share concerns as the whole industry looks to achieve lower costs and better performing containers. For more information or to register please visit http://www.cmtevents.com
About Centre for Management Technology
A global organizer HQ in Singapore, CMT is dedicated to the provision of latest business and technology information through high profile conferences for varied industries. CMT forums encircle the globe from Asia Pacific to Middle East to New Europe/Russia and the Americas. In 25 years of operation, CMT has hosted leading conferences on Energy, Plastics, Commodities, Chemicals and Biofuels. The CEEPET events have been brought to the following cities - Prague, Budapest, Kracow, Moscow, St. Petersburg, Lithuania, Slovenia. Visit http://www.cmtevents.com for further information about us and our events.
# # #