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Photo by Voterfoll Pro Megapolis has invested in Dornier extrusion equipment for its Voterfoll Pro subsidiary to produce BOPP film in Shakhty, Russia.
Investment by Russian companies in plastics processing machinery fell by 26% to an estimated $531m (€467m) in 2015, according to a report by MRC, a market research consultancy based in Moscow.
Russia’s economic crisis started in 2014 and worsened in 2015, when figures from the Federal State Statistics Service show that GDP contracted by 3.7%.
The plastics machinery market in Russia is now half the $1bn level it reached in 2008. In 2013 machinery investments totalled $850m, but this decreased by 16% to $717m in 2014, before the 26% decline in 2015, according to MRC.
Injection moulding machinery was the segment that was hit hardest last year, with purchases falling by 39% from $277m in 2014 to $169m in 2015.
Investments in film extrusion lines, in fact, increased in 2015, rising to $146m from $124m in 2014.
MRC said: “The positive trend in the sector became possible due, in fact, [to] one investment from Voterfoll Pro company, subsidiary of Megapolis Group. Voterfoll Pro has installed two lines from German producer Dornier for the production of 3 and 5-layer BOPP films with 60,000 tonnes/year capacity in Shakhty, Rostov region.”
Investments in compounding lines also continued a positive trend, growing to $42m in 2015. MRC noted two investments: a ZSK Megacompounder from Coperion was installed by Kazanorgsintez for black PE pipe compounds; a PE compounding line from KraussMaffei for anti-corrosion coating of steel pipes of large diameter was installed by Metaclay.
The downturn in Russia’s construction sector impacted extrusion line investments: those for pipe production were $23m in 2015 (down from $34.8m in 2014), while lines for PVC profiles and panels amounted to $19m in 2015 ($40m in 2014).
Investments in extrusion blow moulding equipment declined to $28m in 2015 from $59m a year earlier.
MRC is part of polymer and commodity pricing group ICIS.