Global polyethylene demand is forecast to rise by nearly 4 per cent per year between 2013 and 2018, at a slightly higher level than its growth during the 2003 to 2013 period, says a report from research and consulting firm, GlobalData.
The managing director of polyethylene manufacturer and packaging supplier, Duo UK, has welcomed the doubling of lending for export finance to £3 billion (US$4.9bn) and reduction of interest rates by one third, announced by Chancellor George Osborne, in the UK's 2014 Budget today.
Polyethylene manufacturer Duo UK has marked its 25th year in business with a 12-month investment spree that has seen £1.1 million ($1.6m) spent on new machinery and software, as the company positions itself for new markets.
Polyethylene packaging manufacturer, Duo UK, has agreed a new partnership with masterbatch specialist Colloids as it seeks to achieve its 97 per cent opacity guarantee for mailing bags, while reducing waste and lowering costs.
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