This group represents combined related sales of $29.3 billion. While that number is above last year by a tiny fraction of 1 percent, the average sales per firm is down 0.8 percent. Why? Mostly due to declines in the automotive market in 2019.
Those companies were hit again with shutdowns due to the pandemic — which aren’t reflected in 2019 numbers — so it’s a tough market, no doubt.
Resin prices dropped a bit among the top materials. ABS, nylon, polycarbonate and polyethylene saw smaller declines of 2-9 percent, however, polypropylene showed the biggest slide at 19.2 percent.
Let’s get back to that pandemic thing, A very non-scientific look at our story listings has 236 mentions of COVID-19 in the eight weeks between the end of February and mid-June. I can’t tell if the disruptions helped or hurt our research.
On one hand, we heard from some companies that had not responded in the past. But at other firms, some communication departments were out of sync with our regular avenues to update information.
Very few of our telephone calls to company headquarters were successful, and our best responses came from email and cell phones.
This leads me into another of my public service announcements, this time to website editors: Please double check the contact email listed online, nothing is worse than generic mailboxes like [email protected] or [email protected] bouncing back as undeliverable. If you weren’t contacted for this ranking or any type of recent special coverage, please let us know how best to reach you.
And finally, congratulations to Tessy Plastics Corp. for breaking into the top 25 this year.
Want more information? Visit our top 100 ranking online at http://www.plasticsnews.com/rankings/injection-molders. And watch next week’s issue for the rest of this year’s injection molders’ ranking.