From January to November 2006, U.S. packaging machinery exports increased 7 percent from the same period in 2005. Exports totaled $783 million, according a statistics released Friday by the Packaging Machinery Manufacturers Institute (PMMI).
Packaging machinery imports have also expanded 6 percent.
“The November numbers indicate a solid international demand for U.S. packaging machinery,” said Charles D. Yuska, president and CEO, PMMI.
The Annual Shipments and Outlook Study attributed the growth to end-users expanding production lines and replacing older, out-of-date equipment.
“PMMI is optimistic that the industry will continue to experience solid growth in 2007 based on the consistent rise of 2006 Census numbers and positive sales cycle projections,” added Yuska.