ChemOrbis 2nd PVC Event: European PVC industry sees renewed hope
Malzkorn cited costs, political discussions including energy taxation, shale gas discussion and a planned free trade agreement between the European Union and US among the challenges dampening the outlook for the European PVC industry. “The US PVC industry is powered by substantially lower electricity costs, whereas electricity costs in Europe are two times higher,” Malzkorn noted. On the other hand, increasing PVC recycling was said to be both a challenge and an opportunity as increased recycling activity would help improve the public’s image of the PVC industry.
Despite the prevailing overcapacity issues and margin pressure, Malzkorn stated that the European PVC market is on a slow recovery and added that further industry consolidation is both necessary and expected to help strengthen the region’s PVC industry.
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