Since the majority of chemicals and plastics are derived from the “feedstocks” of petroleum or natural gas; fluctuations in those commodities have an immediate impact on the industry. Demand for plastics and chemicals is, in turn, dependent upon downstream manufacturing activity. The continued shift towards sustainability is boosting demand for recycled plastics as well; the recycled market alone is expected to reach a value of $51 billion in the U.S. by 2022.
The plastics and chemical-processing industry consists of plastic injection molding; plastic extrusion (building materials, recycling, automotive); blow molding; rotational molding (sporting goods, toys, automotive); thermoforming (food and consumer-goods packaging); blown film, flexographic print and flexible packaging (food and beverage, consumer goods); and rubber processing/molding.
Typical machinery and inventory (M&E) includes plastic injection and molding machines (small, medium and large tonnage), as well as rubber processing for automotive parts, tires, agriculture, and building materials. Typical inventory includes polypropylene; linear low-density polyethylene; low and high-density polyethylene; polystyrene; PVC; and recycled high-density polyethylene (HDPE).
Great American has experience working with large and small producers and distributors of commodity and specialty chemicals/plastics for use throughout the construction, automotive, oil and gas, food and beverage, manufacturing, and agriculture industries. We’ll carefully log the age and utilization rates for your company’s M&E to determine accurate values, as well as examine all maintenance records to verify if equipment has been properly serviced and upgraded.