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Weak pound boosts plastics recycling business

Plastic recyclers in the UK are potentially in a position to buck the UK economic downturn.

Concerns about the state of the economy were heightened by a British Chamber of Commerce report published today. The BCC revealed a frightening deterioration in the UK economic situation.

But the experience of plastics recycler Axion is that a weak pound, influenced by the downturn, makes its products more competitive across Europe.

Axion commercial director Roger Morton said: The BCC report findings [that UK businesses are experiencing a fall in trade] are true and its affecting everyone in manufacturing across the world. Everyone is facing the same problem. But at least the weak British pound is providing us with the opportunity to be more competitive abroad. Potentially we could buck the negative economic trend. I wouldnt disagree with BCCs miserable statement but theres a glimmer of hope for UK plastic recyclers.

Increased interest
Morton added that there has been increased interest in the companys high-grade recycled polymers made from waste fridge and computer monitor and mixed waste electronic & electrical equipment plastic due to the pounds slide against the euro.

Because our cost base is in pounds, this makes us more competitive in the European export market and as a result, we have seen more interest from foreign buyers, he said.

For example, a Polish injection-moulding customer said this week that we are now more price-competitive than before Christmas. Injection-moulding and sheet extrusion customers in Europe buying both recycled polystyrene and polypropylene have commented on how the falling pound is working in their favour.

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