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Duty on plastics blow molding equipment down

January 18/2010
MOSCOW (MRC) -- In compliance with the Common Customs Tariff (CCT) import duty on FEACC code 8477300000 Ц blow molding machines was reduced from 5% down to 0% effective January 1, 2010.

Despite the stagnating market, the reduction of the import duties on equipment may have a positive influence on putting new production capacities into operation Ц MRC analysts believe. Presumably, there may increase supplies of blow molding equipment (containers, barrels, packaging for cosmetics, etc.). In view of the reduced import duty on polystyrene and  PVC, operations of converters in the sectors of PVC profiles, molded goods, disposable tableware, sheets, etc. are expectedly to become more active.

Over the course of the first six months of 2009 investments into polymers processing moved at only USD 198 million thus having drawn back to the level of January-June 2004, according to MRC data. The sharp landslide of investments was certainly caused by the economic recession. Today, new equipment is being supplied only for the least risk projects in stable processing sectors. The maximum investment activity in the Russian market was recorded in 2008 when on average 12 complete polymers processing lines were being delivered to the market daily.

More detailed information on changes expected in each polymers processing sector in view of the CCT introduction can be found in our Annual Reports.

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