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Contraction in global manufacturing output lower than expected at 3.9% in 2020
India, China, Japan, and the US have together racked up in excess of $ 200 billion in lost MIO (Manufacturing Industry Output) potential in 2020, says Interact Analysis report. Machine tools were the biggest casualties globally, while semiconductors and electronics machinery sector emerges virtually unscathedRead more
“Outlook for Indian plastics machinery companies is brightâ€Â
Smart Cities, increasing usage of plastics in agriculture & infrastructure, new packaging for food safety and security, affordable household goods, automobile, etc are driving consumption of plastics in India.Read more
Indian plastics machinery industry needs ‘co-opetition’ to grow
Plastics Machinery Manufacturers Association of India (PMMAI) believes in ‘co-opetition’ - a term denoting cooperation between competitors. It is true cooperation between all types of machinery manufacturers regardless of size, scale or given product portfolio. PMMAI works for plastics industry as a whole: including raw material producers, machinery manufacturers and plastics processors. It is a novel approach in India where industry can work together supported on three pillars of Read more