You don’t have to ask anyone – how was 2009? It was a tough year all around. And even earlier this year, economic reports were confusing.
But finally, we’re seeing a steadier uptick, including in the polyurethane market. Below are several industry highlights:
U.S. Manufacturing Executives
In a recent survey conducted by KMPG International, U.S. executives were optimistic about their business prospects over the next 12 months. 71% believed that the recovery will continue into the next year and business activity, revenues and profits will be higher.
Conveyor Belt
Recovering from a 22.7% decline in shipments in 2009, the conveyor belt industry has started 2010 with confidence. Booked orders increased 15% from January to February. Executive member annual meeting attendees of the Conveyor Equipment Manufacturing Association cautiously predict a 2% increase in 2010 shipments.
Automotive
Sharp sales increases across the automotive sector show a recovering industry. Industry giants, General Motors, Toyota, Nissan and Hyundai all experienced sales gains in March. Ford showed the most impressive growth with the best monthly sales increase (43%) in over 25 years. Positive gains among top automotive manufacturers will continue to trickle down to parts and component manufacturers.
For those doing business in these industries, it’s certainly a good time to boost your sales efforts and reconnect with customers.
Got an idea? A story to share? Let us know by emailing Rachel Jennings at rjennings@insideSH.com.
Positive News for Polyurethane Manufacturers
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pmablogger
Thursday, May 13, 2010
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