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Released September 23, 2022 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Despite inflationary pressure dampening the outlook for U.S. consumers, the demand for plastic and rubber products only continues to climb, and doesn't appear to be stopping anytime soon. The needs for packaging, safety materials and transportation products are proving resilient. Industrial Info is tracking more than 180 maintenance-related projects at facilities across the U.S. that manufacture plastic and rubber products, which are set to kick off before the end of the year.
Click on the image at right for a graph detailing the top 10 parent companies for fourth-quarter maintenance at U.S. plastic/rubber product facilities.
The packaging business accounts for more maintenance investment than any other part of the plastic/rubber product sector, with Reynolds Group, a subsidiary of Alcoa Corporation (NYSE:AA) (Pittsburgh, Pennsylvania), leading all other companies in the number and total investment value of projects. Several of these projects are in traditionally industrialized areas of the Great Lakes region: a plastic container plant in Minster, Ohio, a plastic molding plant in York, Pennsylvania, and a plastic bag and container plant in Appleton, Wisconsin, are among those set for fourth-quarter shutdowns.
Typical of most shutdowns at U.S. plastic/rubber product facilities, none of Reynolds' are expected to last much longer than one week. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can read detailed reports on the Ohio, Pennsylvania and Wisconsin projects.
Amcor plc (NYSE:AMCR) (Victoria, Australia), a U.S.-Australian company that also focuses on the packaging market, is another major spender. Four of its upcoming shutdowns are at plastic bottle-manufacturing facilities in Bellevue, Ohio; Tumwater, Washington; Ames, Iowa; and Franklin, Indiana.
Ron Delia, the chief executive officer of Amcor, said demand for "hot fill" packaging--which includes plastic bottles for products such as teas, sauces and juices--exceeded the company's expectations: "When you look back over the last five, six, seven years, we've had about 2% total beverage growth, but the hot fill space has grown closer to 3% to 4%, and that's what we'd expect going forward." Subscribers can read detailed reports on the Ohio, Washington, Iowa and Indiana projects.
Tires are among the top products at plants set for maintenance in the coming quarter. The U.S. Tire Manufacturers Association recently projected total U.S. tire shipments would reach 342.1 million units in 2022, compared with 335.2 million units in 2021 and 332.7 million units in 2019. Bridgestone Corporation (Tokyo, Japan), Michelin (Clermont-Ferrand, France), Goodyear Tire & Rubber Company (NASDAQ:GT) (Akron, Ohio) and Continental AG (Hanover, Germany) are among the companies preparing for shutdowns at their U.S.-based facilities.
Bridgestone and Michelin both are among the top four companies for maintenance kickoffs now through the end of the year. Among other projects, Bridgestone is preparing for one-week shutdowns at its off-road tire plant in Normal, Illinois, and tire-retreading plant in Oxford, North Carolina, while Michelin is preparing for seven- to 10-day shutdowns at its tire-material plant in Sandy Springs, South Carolina, and tire assembly plant in Midland City, Alabama. Subscribers can learn more from Industrial Info's detailed reports on the Illinois, North Carolina, South Carolina and Alabama projects.
Last year, Scott Damon, chief operating officer for Bridgestone's major American subsidiary, said the company was planning to bolster its production of truck, bus and radial (TBR) tires at its U.S. facilities in 2022: "We'll increase TBR supply by an incremental 600,000 units, half of which are being imported. Domestically, we're looking at ways we can engineer more flexibility into our manufacturing process, and this goes for our tire plants in both consumer and commercial."
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports on maintenance-related projects at facilities across the U.S. that manufacture plastic and rubber products, which are set to kick off before the end of the year.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing the top 10 parent companies for fourth-quarter maintenance at U.S. plastic/rubber product facilities.The packaging business accounts for more maintenance investment than any other part of the plastic/rubber product sector, with Reynolds Group, a subsidiary of Alcoa Corporation (NYSE:AA) (Pittsburgh, Pennsylvania), leading all other companies in the number and total investment value of projects. Several of these projects are in traditionally industrialized areas of the Great Lakes region: a plastic container plant in Minster, Ohio, a plastic molding plant in York, Pennsylvania, and a plastic bag and container plant in Appleton, Wisconsin, are among those set for fourth-quarter shutdowns.
Typical of most shutdowns at U.S. plastic/rubber product facilities, none of Reynolds' are expected to last much longer than one week. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can read detailed reports on the Ohio, Pennsylvania and Wisconsin projects.
Amcor plc (NYSE:AMCR) (Victoria, Australia), a U.S.-Australian company that also focuses on the packaging market, is another major spender. Four of its upcoming shutdowns are at plastic bottle-manufacturing facilities in Bellevue, Ohio; Tumwater, Washington; Ames, Iowa; and Franklin, Indiana.
Ron Delia, the chief executive officer of Amcor, said demand for "hot fill" packaging--which includes plastic bottles for products such as teas, sauces and juices--exceeded the company's expectations: "When you look back over the last five, six, seven years, we've had about 2% total beverage growth, but the hot fill space has grown closer to 3% to 4%, and that's what we'd expect going forward." Subscribers can read detailed reports on the Ohio, Washington, Iowa and Indiana projects.
Tires are among the top products at plants set for maintenance in the coming quarter. The U.S. Tire Manufacturers Association recently projected total U.S. tire shipments would reach 342.1 million units in 2022, compared with 335.2 million units in 2021 and 332.7 million units in 2019. Bridgestone Corporation (Tokyo, Japan), Michelin (Clermont-Ferrand, France), Goodyear Tire & Rubber Company (NASDAQ:GT) (Akron, Ohio) and Continental AG (Hanover, Germany) are among the companies preparing for shutdowns at their U.S.-based facilities.
Bridgestone and Michelin both are among the top four companies for maintenance kickoffs now through the end of the year. Among other projects, Bridgestone is preparing for one-week shutdowns at its off-road tire plant in Normal, Illinois, and tire-retreading plant in Oxford, North Carolina, while Michelin is preparing for seven- to 10-day shutdowns at its tire-material plant in Sandy Springs, South Carolina, and tire assembly plant in Midland City, Alabama. Subscribers can learn more from Industrial Info's detailed reports on the Illinois, North Carolina, South Carolina and Alabama projects.
Last year, Scott Damon, chief operating officer for Bridgestone's major American subsidiary, said the company was planning to bolster its production of truck, bus and radial (TBR) tires at its U.S. facilities in 2022: "We'll increase TBR supply by an incremental 600,000 units, half of which are being imported. Domestically, we're looking at ways we can engineer more flexibility into our manufacturing process, and this goes for our tire plants in both consumer and commercial."
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports on maintenance-related projects at facilities across the U.S. that manufacture plastic and rubber products, which are set to kick off before the end of the year.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
