This might be the year that the polyurethane industry started to turn a corner leading the world back into growth. That’s quite a big claim to make about quite a small (but globally important) industry. But where the PU industry goes today so the world goes tomorrow.
The polyurethane industry is a lead indicator of economic performance, and one of the best leading indicators of any industrial segment is what his happening to the capital equipment sold into that industry.
This makes our machinery survey particularly interesting this year.
We see from the charts, tables and conversations in this feature that it is possible to tell what is happening to large parts of the world economy, where there is growth, or stagnation or decline.
The US has been one area of growth in the past year as Ross Willoughby of Con-Tec, said “2014 was a really busy year for us. We didn’t expand we just produced more,” he said.”
His firm makes machinery for the North American market in the automotive Reaction Injection Moulding sector. A second area where the firm picked up work was in making small insulated panels for the heating, ventilation and air conditioning sector. “We have been doing work in the sector for a while,” he said, adding that the sector had picked up for his firm because of a move away from fibre glass. There has been “a switch from fibreglass to polyurethane” to insulate the panels. Typically installations are on…