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Investments into Ukrainian polymers industry down three times to $US 50 mln in 2009

February 18/2010

KYIV (PRIME-TASS) -- Investments into the Ukrainian polymers industry in 2009 decreased three times, to $US 50 million, compared to 2008 according to the data provided by MRC (MOSCOW). Investments into equipment in that industry had been growing by 26% annually since 2002, and peaked in 2008. The Ukrainian market of bulk polymers (polyethylene, polypropylene, polyvinyl chloride and polystyrene) dropped by 10.5%, down to 582 kt, in 2009 according to the company. The polyvinyl chloride sector was affected most of all others it shrank by 19%. Polyethylene demand dropped by 7.6% to 293 kt. High-density polyethylene production is still idle in Kalush (Ivano-Frankovsk Region, LUKOIL Group); therewith, the market fully depends on imports.

 

The balance in the high-density polyethylene market is expectedly to change after the production site in Kalush is launched either at the end of 2010 or in the first half of 2011. Estimated polypropylene consumption went down by 6%, to 104 kt. At the same time, polypropylene output in Lisichansk (CJSC LINIK, Luhansk Region, TNK-BP Group) even increased 16%.

 

President of the Council of Representatives of the Polymers Industry of Ukraine Andrey Antonov predicts that demand for polymer packaging will become 15-20% stronger in Ukraine in 2010. That growth will mainly be relating to film products. The construction market is expectedly to become more active by the end of the year, which may boost demand for polymer pipes", he said. He believes that "during the crisis thatd been lasting since 2008 and during the entire 2009 producers became more resistant to the unstable market."

"Today, the survived and stronger companies run their businesses in an absolutely different way: they analyze, plan and follow well-defined development strategies," Andrey Antonov added.

 

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