M. Holland will be exhibiting at MD&M West in Anaheim on Feb. 7-9. Stop by Booth #4115 to meet our Healthcare team and discuss how M. Holland’s line of medical-grade resins can help you develop safe and effective medical products and packaging.
Every year, M. Holland’s market managers take time to reflect on the major trends of the past 12 months. Click here to read M. Holland’s 2023 Plastics Industry Trends & Predictions, including business insight and recommendations for the 3D printing, automotive, color and compounding, electrical and electronics, healthcare, packaging, rotational molding, sustainability, and wire and cable markets.
Automotive, Electrical & Electronics and Wire & Cable were top performers in 2022 as electrification incentives and digitalization efforts expanded market opportunity. Click here to read 2023 predictions from our market managers for these three markets.
Oil dipped 2% Monday, extending losses as traders expect a round of interest-rate hikes by major central banks to weigh on demand.
In mid-morning trading today, WTI futures were up 0.6% at $78.40/bbl, Brent was down 0.5% at $84.50/bbl, and U.S. natural gas was up 0.1% at $2.68/MMBtu.
GAIL India, the nation’s largest gas distributor, reported a 93% drop in quarterly profit due to lower gas sales and supply disruptions, including Russia’s failure to deliver LNG cargoes after tightened Western sanctions.
More news related to the war in Ukraine:
Russia’s seaborne oil flows are rising as it pushes more cargoes onto the water after Germany and Poland halted piped imports.
The IFA-1 interconnector, a key power cable linking Britain and France, has been used at full capacity for the first time since a fire shut it down in 2021, easing pressure on the countries’ strained power grids.
JFK Airport’s new Terminal One will have the largest rooftop solar array on any U.S. airport, with 13,000 panels feeding into an 11.34 MW microgrid designed to help it meet 70% renewable generation by the end of the decade.
The new government in Colombia, Latin America’s third largest oil producer, banned fracking and hopes to end exploration with the aim of transitioning the country to all renewable energy in 15 years. It has not indicated how it will replace oil revenues, which comprise a third of the nation’s export earnings.
The Las Bambas copper mine in Peru, supplier of 2% of the world’s copper, may have to halt production starting Feb. 1 due to widespread political protests, impacting the already tight global supply of copper.
General Motors beat analyst expectations for revenues and earnings in the fourth quarter and forecast robust growth in the year ahead.
Toyota sold 10.5 million vehicles in 2022, retaining its title as the world’s top-selling automaker for a third consecutive year, despite a 9.6% dip in its home market and some chip-related supply constraints.
BYD, the largest Chinese seller of electric and hybrid vehicles, expects its 2022 net profit to surge over fivefold from the previous year on strong sales growth and reduced cost pressure.
The U.S. reported 27,077 new COVID-19 infections and 210 virus fatalities Monday.
The U.S. administration says its COVID-19 emergency declarations will end May 11, 2023, nearly three years after they were imposed, with the costs of COVID-19 tests and medicine transferring to private and government health insurance plans.
A U.S. appeals court rejected Johnson & Johnson’s attempt to transfer thousands of talc lawsuits into bankruptcy court, the first significant rejection of the risk mitigation legal strategy and a potential disruption of U.S. corporate liability law.
The World Health Organization says COVID-19 continues to be a public health emergency of international concern as many countries reach a transition point that requires careful management to mitigate further impacts.
The International Monetary Fund raised its growth outlook for 2023 to 2.9% based on “surprisingly resilient” economic activity in the U.S. and Europe.
The European Commission’s economic sentiment index rose to a seven-month high in January amid increased optimism across all sectors except construction, while inflation expectations among consumers and companies both fell sharply.
Germany’s economy unexpectedly shrank 0.2% in the fourth quarter of 2022, signaling a potential shallow recession, with economists predicting another contraction in the first quarter of 2023.
Spain’s consumer prices rose 5.8% year over year in January, the first increase in six months due to higher fuel prices.
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