Extrusion International 4-2023-USA

36 Extrusion International 4/2023 36 INDUSTRY NEWS Economic Analysis on Plastics Materials for Recycling Released The Plastics Industry Association (PLASTICS) has released an analysis on plastics materials for recycling, authored by PLASTICS Chief Econo- mist Dr. Perc Pineda. The economic analysis provides consideration of the millions of workers employed in the global supply chain of the plastics industry, as representatives meet in France to address the global challenge of plastic waste. Dr. Pineda writes, “There is wide- spread support from various sectors of the global economy to address environmental threats in a materi- als-neutral manner. It is also advo- cated that any negotiated measures concerning plastics should not be utilized to hinder market access for plastic materials and products. The goal should be to ensure that ef- forts to keep plastic waste out of the environment and in the econo- my do not unfairly impede the trade of plastic materials and products, allowing equal opportunities for all participants in the global market.” The full analysis on the PLASTICS blog page: https://www.plasticsindustry.org/blog/ plastics-materials-recycling-us-exports- decreasing-and-imports-increasing June 2023 Inflation Analysis Released The Plastics Industry Association (PLASTICS) has released an official analysis on June inflation and plas - tics manufacturing PPI, authored by PLASTICS Chief Economist, Dr. Perc Pineda. Dr. Pineda writes, “A closer exami- nation of the PPI reveals that pro- ducer prices in the plastics industry continued their downward trend in June 2023. The PPI for plastics ma- terial and resin manufacturing de- clined for the second consecutive month, dropping by 1.3% in June. Compared to the previous year, plas- tics material and resin manufactur- ing prices were down by 10.8% in June, continuing the downward tra- jectory that began in August 2022.” The full analysis on the PLASTICS blog page: https://www.plasticsindustry.org/blog/ inflationary-trends-subside-while-plas - tics-manufacturing-ppi-reflects-supply- and-demand Dr. Perc Pineda New Regional Office Debuted SI Group, a leading global performance additives company, opened its new regional office in Schenect - ady, N.Y. The new office is on the first floor of Building Six at Mohawk Harbor. SI Group’s new office features state-of-the-art tech - nology and has been designed to promote a collabora- tive and innovative work environment, offering 19,000 square feet of space for employees to connect in per- son and virtually. Mohawk Harbor provides SI Group’s employees and visitors with a spacious outdoor patio overlooking the river and nearby walking trails, along with neighboring amenities including local restaurants, retail, and other services. Since SI Group’s inception in 1906, the company has had a prominent presence in Schenectady. Following the sale of its former headquarters building in Niska- yuna in 2022, SI Group has retained many corporate employees in the Capital Region in addition to its man- ufacturing site in Rotterdam Junction. “Keeping our regional office in Schenectady was important to us. SI Group continues to be committed to the Capital Region and Mohawk Harbor for many reasons, including hav- ing the freedom to create the workplace – both indoors and out – that propels our employee-driven culture,” said Brooke Manrique, Sr. Vice President of Human Re- sources and Communications at SI Group. SI Group www.siigroup.com