Plastics processing market contracts in 2008 and 2009 / Dependence on automotive and E+E sectors

摘要

After more than a decade of exceptionally high annual growth rates averaging 10-20%, the Czech Republic's rubber and plastics processors experienced a setback in 2008. Germany Trade and Invest (gtai, Berlin / Germany; www.gtai.com) reports that the sector's sales receded by 5.3% last year to CZK 189.4 bn (around EUR 7.3 bn) as a result of the economic downturn that began in the fourth quarter. The crisis had an even greater impact in the first half of 2009.