U.S. Plastic/Rubber Firms Spruce Up Plants as Demand Grows

September 23, 2022--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. 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), leading all other companies in the number and total investment value of projects. Other companies at work on maintenance projects include Amcor plc (NYSE:AMCR), Bridgestone Corporation, Michelin and Goodyear Tire & Rubber Company (NASDAQ:GT).