The PET market is facing weak demand and fierce competition, which is disrupting producersâ prices and margins. Plastiverd criticised the high energy and regulatory costs as well as the strict environmental regulations, which it said massively impair the competitiveness of European manufacturers compared with competitors in East Asia, Egypt, and Turkey.
Related: Competitiveness crisis: Associations call for swift action to bridge EU policy gap
According to Plasteurope.comâs Polyglobe database, the PET plant at El Prat de Llobregat has a capacity of 210,000 t/y. Plastiverdâs parent company, CL Grupo Industrial (Badajoz, Spain; http://www.clgrupoindustrial.com), acquired the plant on the outskirts of Barcelona in 2014 from the insolvent La Seda group.
Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.
