17/10/2018

Press release: Mikhail Katsevman: “Price increase for energy resources and commodities is one of the primary reasons for loss of the competitive edge of polymers”

 

17 October 2018.

Head of Research and Development of R&P POLYPLASTIC Mikhail Katsevman presented an overview of the Russian market of polymer construction and compound materials for injection molding. His analytical report opened one of the largest industrial events – 5thInternational seminar “Modern technologies for plastics molding” which attracted more than a hundred representatives of the industry.

According to the speaker up to 30% of plastic in Russia is molded. The main application areas are packaging, construction and car industry. The total amount of compounding in 2017 is almost 290 thousand tons. However, further increase of production volumes is possible only with active governmental participation and acceleration of import substitution and localization processes.

“After several years of recession Russian economy is showing signs of recovery. There are still a number of limiting factors. Continuous increase of prices of energy resources and commodities has a negative influence on the industry leading to loss of the competitive edge of polymers” said Mikhail Katsevman.

He also noted that there are no grounds for worst-case scenarios. “We cannot expect intense growth in demand for polymer materials in the near future but stable development is quite possible”. The core target of the Russian compounding industry leader R&P POLYPLASTIC is increase of sales up to 100 thousand tons by 2020. These results can be achieved among other things by enhancing export potential.    

Mikhail Katsevman also presented an overview of new polymer materials for different scopes of application including railways, oil-submersible pumps etc.


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