Blind Investment in Plastic Products Industry

A few days ago, it was learned from 2007 International Plastics and Rubber Products Exhibition that in 2006 China's plastic products industry's major economic indicators have increased significantly, with total profit increasing by more than 30%, but experts pointed out that the plastics industry still has problems such as blind investment.

Liao Authentic, president of the China Plastics Processing Industry Association, said that in 2006, the output of enterprises above designated size of plastic products in China was 28,019 thousand tons, an increase of 18.68% over the same period of last year. The growth rate of major economic indicators of enterprises above designated size of plastic products exceeds 20%, of which total output value has increased by more than 25% year-on-year, main business income has increased by 23.96%, total profits and taxes have increased by 27.21%, and total profits have increased by as much as 30. 36%.

Liao genuine believes that despite the rapid development of the plastics industry, the industry has not yet escaped the difficult situation of rising raw material prices, power shortages, blind investment, product similarities, and disorderly competition. During the "Eleventh Five-Year Plan" period, in order to make the plastics industry sustainable development, we should increase investment in the following aspects: First, strengthen independent innovation, improve product quality, and enhance the company's core competitiveness; Second, increase energy conservation, reduce consumption, reduce costs The third is to strengthen the recycling of plastic waste, take the road of circular economy and sustainable development, and at the same time increase the research and development of degradable plastics to make it industrialized as soon as possible.

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