Import of textile machinery recorded an increase of 5.48 percent to $263.491 million in July-January 2015-16, official figures show. The rise in import of textile machinery import comes to $13.692 million in July-January 2015-16 from $249.799 million in July-January 2014-15, Pakistan Bureau of Statics says. In January 2016, import of textile machinery scaled down by 17 percent or $6.417 million to $31.563 million from $37.980 million in January 2015.
Import of construction machinery grew by 13 percent or $21.651 million to $189.189 million in July-January 2015-16 from $167.538 million in July-January 2014-15. In January 2015, import of construction machinery declined by 25.11 percent or $8.785 million to $26.221 million from $35.006 million in January 2015.
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Monday, April 11, 2016
February machinery orders down 9.2% on weak manufacturing sector
The nation’s core private-sector machinery orders fell a seasonally adjusted 9.2 percent in February on a plunge for manufacturers, a reversal from the previous month that saw large orders from the steel industry, the government said Monday.
The orders, widely regarded as a leading indicator of future capital spending, totaled ¥848.7 billion ($7.9 billion), excluding those for ships and from utilities due to their volatility.
The Cabinet Office left its basic assessment unchanged, saying machinery orders are showing “signs of picking up.”
The orders dropped for the first time in three months following a 15.0 percent jump in January and 1.0 rise in December, with an official of the office telling a press briefing that they remain solid.
Still, analysts say the yen’s recent gains and growth concerns about overseas economies could make companies cautious about future capital spending as a stronger yen could slow exports and hurt business sentiment.
Orders from the manufacturing sector marked significant volatility, diving a record 30.6 percent to ¥321.0 billion in the reporting month after a 41.2 percent surge in January.
Steel makers led the decline with a 92.7 percent fall. The industry had marked more than a tenfold increase the previous month. The electric machinery sector also posted a slide, cutting orders for semiconductor manufacturing equipment and other machines.
Orders from the nonmanufacturing industry gained 10.2 percent to ¥531.0 billion for the third straight monthly increase.
The figures are closely watched as the government of Prime Minister Shinzo Abe sees business investment — which accounts for around 15 percent of the country’s gross domestic product — as a pillar of economic growth.
The Bank of Japan adopted a negative interest rate policy earlier this year, an unprecedented move to encourage bank lending and help spur corporate spending.
Miyuki Kiso, market economist at Mizuho Securities Co., said machinery orders still lack vigor as companies are unsure about the outlook with a strong yen potentially weighing on sentiment.
“The BOJ’s negative interest rate policy should work as a plus (for capital expenditure) . . . but it’s difficult for companies to make big investments when domestic demand is weak,” Kiso said.
Total orders, including those from the domestic public sector and abroad, rose 9.0 percent to ¥2.24 trillion.
Overseas demand for Japanese machinery, an indicator of future exports, gained 6.3 percent to ¥726.7 billion.
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The orders, widely regarded as a leading indicator of future capital spending, totaled ¥848.7 billion ($7.9 billion), excluding those for ships and from utilities due to their volatility.
The Cabinet Office left its basic assessment unchanged, saying machinery orders are showing “signs of picking up.”
The orders dropped for the first time in three months following a 15.0 percent jump in January and 1.0 rise in December, with an official of the office telling a press briefing that they remain solid.
Still, analysts say the yen’s recent gains and growth concerns about overseas economies could make companies cautious about future capital spending as a stronger yen could slow exports and hurt business sentiment.
Orders from the manufacturing sector marked significant volatility, diving a record 30.6 percent to ¥321.0 billion in the reporting month after a 41.2 percent surge in January.
Steel makers led the decline with a 92.7 percent fall. The industry had marked more than a tenfold increase the previous month. The electric machinery sector also posted a slide, cutting orders for semiconductor manufacturing equipment and other machines.
Orders from the nonmanufacturing industry gained 10.2 percent to ¥531.0 billion for the third straight monthly increase.
The figures are closely watched as the government of Prime Minister Shinzo Abe sees business investment — which accounts for around 15 percent of the country’s gross domestic product — as a pillar of economic growth.
The Bank of Japan adopted a negative interest rate policy earlier this year, an unprecedented move to encourage bank lending and help spur corporate spending.
Miyuki Kiso, market economist at Mizuho Securities Co., said machinery orders still lack vigor as companies are unsure about the outlook with a strong yen potentially weighing on sentiment.
“The BOJ’s negative interest rate policy should work as a plus (for capital expenditure) . . . but it’s difficult for companies to make big investments when domestic demand is weak,” Kiso said.
Total orders, including those from the domestic public sector and abroad, rose 9.0 percent to ¥2.24 trillion.
Overseas demand for Japanese machinery, an indicator of future exports, gained 6.3 percent to ¥726.7 billion.
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Sunday, April 10, 2016
Plastics Machinery Business Finishes Strong in 2015
the Plastics Industry Trade Association’s Committee on Equipment Statistics (CES) reported that shipments of primary plastics equipment, including injection molding, extrusion, and blow molding equipment for reporting companies totaled $390.6 million in the fourth quarter, 29% higher than the previous quarter ($302.0 million) and 13% higher than year-prior quarter ($346.1 million).
For the year, reporting companies shipped a total value of primary equipment shipments of $1.29 billion; up 4.8% when compared with 2014.
Numbers breakdown by segment:
Injection molding machinery: Shipments value rose 18.2% in the fourth quarter of 2015 compared to year-prior figures. For the full year, shipments were up 6.4% over 2014.
Extruders: The value of single-screw extruder shipments jumped 16.9% in the final quarter of 2015 compared to year-prior figures. For the year, shipments were 10.1% above 2014.Twin-screw extruders shipment values rose 13.2% year over year. For 2015, twin-screw extruder shipments decreased 5.3%.
Blow molding machines: The shipments value was down 52.9%, year over year. For 2015 as a whole, shipments were off 27.5%.
Auxiliary equipment: New bookings totaled $126.7 million dollars in the final quarter of 2015, jumping 22.4% over year-prior figures. For all of 2015, auxiliary equipment bookings were up 13.2%.
Continued Growth Forecast in 2016
U.S. plastics processors will spend $3.4 billion on new primary plastics processing and auxiliary equipment in 2016, according to Plastics Technology’s 2016 Capital Spending Forecast (read more here). That would reflect an increase of 1.5% over 2015, and extend to seven the streak of consecutive years of growth for the sector.
That projection is based on two separate research projects by Gardner Business Media, parent of Plastics Technology: an exclusive capital-equipment spending survey and an analysis of the latest trends in plastics-processing capital-equipment production, imports/exports, and their leading indicators.
Of the major equipment sectors, Plastics Technology’s survey only pointed to a decrease in spending on injection molding machines (down 3.1%), with increases forecast for auxiliary equipment (5.0%), extrusion (5.7%), blow molding (1.7%), and thermoforming (8.6%).
The Germany Plastics and Rubber Machinery Association (VDMA) reported a 5% increase in sales in 2015 and forecast continued growth in 2016, with the expectation that sales would top 7 billion euro for the first time ever.
Machinery Suppliers Optimistic
Overall expectations have slipped for 2016, according to a quarterly survey of plastics machinery suppliers conducted by the CES, but suppliers remain mostly optimistic about the market demand for their products in the coming months.
Fully 83% of respondents expect market conditions to hold steady or get better during the next 12 months, according to the fourth quarter survey. The machinery suppliers felt North America and Mexico would be the regions where the most promising market conditions could be expected in the coming year. Expectations for Latin America and Asia had slipped in recent quarters, while the outlook for Europe was mostly unchanged throughout 2015.
As for the major end-markets, survey respondents expected appliances and medical to experience the strongest growth demand for plastics products and equipment this year. Expectations for all other end-markets call for steady-to-better demand to prevail in 2016.
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For the year, reporting companies shipped a total value of primary equipment shipments of $1.29 billion; up 4.8% when compared with 2014.
Numbers breakdown by segment:
Injection molding machinery: Shipments value rose 18.2% in the fourth quarter of 2015 compared to year-prior figures. For the full year, shipments were up 6.4% over 2014.
Extruders: The value of single-screw extruder shipments jumped 16.9% in the final quarter of 2015 compared to year-prior figures. For the year, shipments were 10.1% above 2014.Twin-screw extruders shipment values rose 13.2% year over year. For 2015, twin-screw extruder shipments decreased 5.3%.
Blow molding machines: The shipments value was down 52.9%, year over year. For 2015 as a whole, shipments were off 27.5%.
Auxiliary equipment: New bookings totaled $126.7 million dollars in the final quarter of 2015, jumping 22.4% over year-prior figures. For all of 2015, auxiliary equipment bookings were up 13.2%.
Continued Growth Forecast in 2016
U.S. plastics processors will spend $3.4 billion on new primary plastics processing and auxiliary equipment in 2016, according to Plastics Technology’s 2016 Capital Spending Forecast (read more here). That would reflect an increase of 1.5% over 2015, and extend to seven the streak of consecutive years of growth for the sector.
That projection is based on two separate research projects by Gardner Business Media, parent of Plastics Technology: an exclusive capital-equipment spending survey and an analysis of the latest trends in plastics-processing capital-equipment production, imports/exports, and their leading indicators.
Of the major equipment sectors, Plastics Technology’s survey only pointed to a decrease in spending on injection molding machines (down 3.1%), with increases forecast for auxiliary equipment (5.0%), extrusion (5.7%), blow molding (1.7%), and thermoforming (8.6%).
The Germany Plastics and Rubber Machinery Association (VDMA) reported a 5% increase in sales in 2015 and forecast continued growth in 2016, with the expectation that sales would top 7 billion euro for the first time ever.
Machinery Suppliers Optimistic
Overall expectations have slipped for 2016, according to a quarterly survey of plastics machinery suppliers conducted by the CES, but suppliers remain mostly optimistic about the market demand for their products in the coming months.
Fully 83% of respondents expect market conditions to hold steady or get better during the next 12 months, according to the fourth quarter survey. The machinery suppliers felt North America and Mexico would be the regions where the most promising market conditions could be expected in the coming year. Expectations for Latin America and Asia had slipped in recent quarters, while the outlook for Europe was mostly unchanged throughout 2015.
As for the major end-markets, survey respondents expected appliances and medical to experience the strongest growth demand for plastics products and equipment this year. Expectations for all other end-markets call for steady-to-better demand to prevail in 2016.
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North American machinery shipments up in 2015
North American shipments of primary plastics china machinery increased to a value $1.29 billion in 2015, 4.8 percent over the 2014 level, according to the Society of the Plastics Industry Inc.
For 2015, the annual shipments of plastics machinery increased for the sixth straight year, according to SPI’s Committee on Equipment Statistics. But economist Bill Wood said the strong sales rebound after the Great Recession is slowing down. The fourth quarter was strong for injection molding machines and single-screw and twin-screw extruders — a spike that helped the machinery industry enjoy a year of growth, SPI said.
“Market conditions should remain strong in 2016, but the pace of growth in the shipments data is expected to decelerate after six years of strong expansion,” Wood said.
Machinery executives say North American injection press shipments topped 4,000 machines in 2015. Washington-based SPI does not release unit data, only including dollar-value numbers in its public year-end report issued April 5.
Wood said some big-picture economic forces hit the U.S. plastics machinery sector.
“The U.S. machinery data were strongly affected by the drop in investment from the energy sector and the strong value of the dollar in 2015,” said Wood, who runs Mountaintop Economics & Research Inc. in Greenfield, Mass. “These headwinds will persist in 2016, but they will not affect the plastics machinery sector as strongly as some other sectors of the machinery industry.”
Wood said the U.S. economy will continue to recover through 2016.
“Consumer demand for plastics products will steadily rise,” Wood said. “The three main factors that will continue to drive the economy over the coming months are: Low interest rates, low energy prices and rising wages and household incomes resulting from stronger employment levels.”
SPI reports that the shipment value of injection molding presses jumped 18.2 percent in the fourth quarter of 2015, compared to the year-ago final period. For all of 2015, shipments of injection presses were up 6.4 percent over the 2014 total.
Single-screw extruders increased 16.9 percent in the fourth quarter vs. the year-ago fourth quarter. For all of 2015, single-screw extruders were up 10.1 percent from the 2014 level.
Shipments of twin-screw extruders — including both co-rotating and counter-rotating machines — gained 13.2 percent in the fourth quarter over the fourth quarter of 2014. But for the year as a whole, shipments of twin-screw machines fell by 5.3 percent.
SPI reports shipments of blow molding machines fell by double-digits for both the full year and fourth-quarter measurements. Fourth quarter vs. fourth quarter, the decline was 52.9 percent. Year to year, blow molding machinery fell 27.5 percent, measured in shipment value.
Auxiliary equipment from manufacturers that reported totaled $126.7 million in the fourth quarter of 2015 — a jump of 22.4 percent from the total in the 2014 fourth quarter. For all of 2015, auxiliary equipment bookings increased 13.2 percent over 2014.
The Committee on Equipment Statistics also conducts a quarterly survey of plastics machinery suppliers that asks about present market conditions and expectations for the future. The survey indicates that expectations have slipped for 2016 but suppliers remain mostly optimistic about machinery demand in the coming months.
The fourth-quarter survey said that “83 percent of respondents expect market conditions to hold steady or get better during the next 12 months,” SPI said.
The United States and Mexico are the regions that machinery executives believe will be “most promising market conditions” for equipment sales in the coming year. And what are the strongest end markets? Appliance and medical, the survey said. All other end markets should see steady-to-better demand in 2016.
For 2015, total industrial machinery orders — every type of equipment — declined by 5 percent, according to the Census Bureau.
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For 2015, the annual shipments of plastics machinery increased for the sixth straight year, according to SPI’s Committee on Equipment Statistics. But economist Bill Wood said the strong sales rebound after the Great Recession is slowing down. The fourth quarter was strong for injection molding machines and single-screw and twin-screw extruders — a spike that helped the machinery industry enjoy a year of growth, SPI said.
“Market conditions should remain strong in 2016, but the pace of growth in the shipments data is expected to decelerate after six years of strong expansion,” Wood said.
Machinery executives say North American injection press shipments topped 4,000 machines in 2015. Washington-based SPI does not release unit data, only including dollar-value numbers in its public year-end report issued April 5.
Wood said some big-picture economic forces hit the U.S. plastics machinery sector.
“The U.S. machinery data were strongly affected by the drop in investment from the energy sector and the strong value of the dollar in 2015,” said Wood, who runs Mountaintop Economics & Research Inc. in Greenfield, Mass. “These headwinds will persist in 2016, but they will not affect the plastics machinery sector as strongly as some other sectors of the machinery industry.”
Wood said the U.S. economy will continue to recover through 2016.
“Consumer demand for plastics products will steadily rise,” Wood said. “The three main factors that will continue to drive the economy over the coming months are: Low interest rates, low energy prices and rising wages and household incomes resulting from stronger employment levels.”
SPI reports that the shipment value of injection molding presses jumped 18.2 percent in the fourth quarter of 2015, compared to the year-ago final period. For all of 2015, shipments of injection presses were up 6.4 percent over the 2014 total.
Single-screw extruders increased 16.9 percent in the fourth quarter vs. the year-ago fourth quarter. For all of 2015, single-screw extruders were up 10.1 percent from the 2014 level.
Shipments of twin-screw extruders — including both co-rotating and counter-rotating machines — gained 13.2 percent in the fourth quarter over the fourth quarter of 2014. But for the year as a whole, shipments of twin-screw machines fell by 5.3 percent.
SPI reports shipments of blow molding machines fell by double-digits for both the full year and fourth-quarter measurements. Fourth quarter vs. fourth quarter, the decline was 52.9 percent. Year to year, blow molding machinery fell 27.5 percent, measured in shipment value.
Auxiliary equipment from manufacturers that reported totaled $126.7 million in the fourth quarter of 2015 — a jump of 22.4 percent from the total in the 2014 fourth quarter. For all of 2015, auxiliary equipment bookings increased 13.2 percent over 2014.
The Committee on Equipment Statistics also conducts a quarterly survey of plastics machinery suppliers that asks about present market conditions and expectations for the future. The survey indicates that expectations have slipped for 2016 but suppliers remain mostly optimistic about machinery demand in the coming months.
The fourth-quarter survey said that “83 percent of respondents expect market conditions to hold steady or get better during the next 12 months,” SPI said.
The United States and Mexico are the regions that machinery executives believe will be “most promising market conditions” for equipment sales in the coming year. And what are the strongest end markets? Appliance and medical, the survey said. All other end markets should see steady-to-better demand in 2016.
For 2015, total industrial machinery orders — every type of equipment — declined by 5 percent, according to the Census Bureau.
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