Competitiveness Threatened, but European Plastics Converters Staying Ahead of the Pack

摘要

How competitive is the plastics converting industry in Europe? Most European companies are under pressure from players in the Asian or Turkish markets. Fresh competitors from North Africa and the Middle East are also heating up competition. Furthermore, home-made threats, including legislative and tax related guidelines in European Union (EU) countries and a "lethargic" implementation of EU regulations are "significantly impeding" business. In some EU countries, family owned companies are affected and need to act fast. In addition, these players are being hit by a shortage of skilled labour, which is substantially hindering innovation, according to the European Plastics Converters Association (EuPC).