Between January and November 2006, United States exports of packaging machinery increased 7 percent totaling $783 million compared to the same timetable in 2005. Packaging machinery imports have increased by 6 percent both according to the U.S. Census and reported by the Packaging Machinery Manufacturer’s Institute (PMMI), reflecting the overall economic impact of U.S. Packaging Industry.
“The November numbers indicate a solid international demand for U.S. packaging machinery,” said Charles D. Yuska, president and CEO, PMMI. “PMMI member companies are aware of brand owners needs. In addition to introducing new and advanced machinery, they also provide solutions and services that help brand owners gain a competitive edge in the marketplace and boost overall operational efficiency.”
According to PMI’s 12th Annual Shipments and Outlook Study, from September 2006, growth in U.S. packaging machinery shipments can be attributed to end-users expanding production lines and replacing their outdated machinery with new top line state-of-the-art technology of new models promising a rapid return on investment.
Packaging is a critical component of all branding, merchandising and promotional strategies. Brand depends on product packaging to market their products to all marketplaces. With the advancements in machinery design and capabilities the speed of product-to-market is advancing.
“PMMI is optimistic that the industry will continue to experience solid growth in 2007 based on the consistent rise of 2006 Census numbers and positive sales cycle projections,” noted Yuska.
Further Information about PMMI:
Founded in 1933, the Packaging Machinery Manufacturers Institute (PMMI) is the leading global resource and trade association for the packaging industry. PMMI’s membership has grown to more than 500 members who manufacture packaging and packaging-related converting machinery and twenty-three supplier members who manufacture commercially available packaging machinery components in the United States and Canada. PMMI members are globally renowned for making the highest quality equipment, offering responsive service and committing to meeting their customers’ needs. A PMMI member company makes more than one out of every four machines sold around the world.
SOURCE Packaging Machinery Manufacturers Institute (PMMI)
To view complete press release visit: http://www.pmmi.org/a/article.asp?id=1744
Nicole Camiola
New Equipment Digest
Online Content Editor