Positive News for Polyurethane Manufacturers

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.