Shipments of plastics machinery are up year-over-year at the end of Quarter One 2014 and a large portion of that rise can be attributed to growth in the U.S. blow molding sector. Last month’ the Society of Plastics Industry noted that around $300 million worth of primary equipment was shipped during quarter one, a nearly 11% increase over shipments during the same quarter in 2013.
These shipments include injecting molding machines, extruders, blow molders and thermoforming machines. Capital expenditures are way up for many companies, including those in plastics.
The blow molding plastics sector has seen companies move production back to the U.S over the past couple of years. The need for intricate custom blow molding projects has companies focusing on quality just as much as price and delivery. This is especially true as OEM’s — such as Wal-Mart — respond to customer requests for products that are “MADE IN USA”, which in turn drives up demand for blow molding in the U.S.