Russian plastics machinery market business opportunities

According to overseas media reports, in recent years, plastics machinery market has become one of Russia's fastest growing market, the product value reached 200 million to 300 million U.S. dollars. According to expert estimates, the next few years, this market will continue to grow, contains huge business opportunities.
    Russian demand for larger plastic machinery, plastic machinery, but their production capacity is limited, can not meet the market demand, and therefore a large proportion of imports. In 2000 Russian national plastics machinery production amounted to only 1.37 billion, while imports amounted to 1.1 billion dollars and imports of plastic machinery nearly 1.5 million units, an increase of 32.5 per cent over 1999. Germany, Italy, Ukraine and China are the main countries of origin of its imports.
    The main reason for the Russian plastics machinery market demand are threefold: First, as the country's food industry has developed rapidly, a corresponding increase in demand for plastic packaging materials; second is due to building materials, sporting goods, stationery and automotive industries continued demand for plastic products growth; third is due to Russia 45% of plastics machinery has been used 10-20 years, 25% over 20 years, needs replacement.

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