Exports of Packaging Machinery Rise
Posted: February 2, 2007According to the Packaging Machinery Manufacturers Institute (PMMI), United States exports of packaging machinery increased 7% from January to November 2006 to total $783 million. U.S. imports of packaging machinery increased 6%. The data, based on U.S. Census estimates, reflects the overall economic impact of the U.S. packaging industry.
“The November numbers indicate a solid international demand for U.S. packaging machinery,” said Charles D. Yuska, president and CEO, PMMI. “PMMI member companies are aware of brand owners needs. In addition to introducing new and advanced machinery, they also provide solutions and services that help brand owners gain a competitive edge in the marketplace and boost overall operational efficiency.”
According to PMMI’s 12th Annual Shipments and Outlook Study, released in September 2006, growth in U.S. packaging machinery shipments can be attributed to end-users expanding production lines to accommodating new product introductions and package designs. In effect, end-users continued to replace older packaging machines with new models that promote a rapid return on investment.
“PMMI is optimistic that the industry will continue to experience solid growth in 2007 based on the consistent rise of 2006 Census numbers and positive sales cycle projections,” noted Yuska.