Contact: Jennifer Dills
(202) 974-5282

FOR IMMEDIATE RELEASE

New Study Shows Plastics Industry is Major Economic Force in New York

Washington (August 2, 2000) — New York is among the top ten states in the nation in terms of plastics industry employment and shipments, according to a new economic study by The Society of the Plastics Industry, Inc. (SPI).

The SPI Economic Report shows the more than 1,000 plastics industry facilities in New York generated $12 billion in shipments in 1999, making New York the ninth-largest state in terms of plastics industry shipments.

New York is the eighth-largest state for plastics industry employment, according to the SPI study, employing 70,500 workers in 1999. Plastics employment grew 24 percent between 1994 and 1999, while shipments grew 31 percent in the same five-year period.

Nationally, the plastics industry is growing faster than all other manufacturing and is creating more jobs, while continuing to improve in productivity, according to the study. The plastics industry provided 1,525,600 U.S. jobs in 1999 and contributed $304 billion in annual shipments.

Plastics employment has grown at an annual rate of 2.7 percent since 1972, according to the report, compared to -0.1 percent for all manufacturing. Since 1994, plastics industry employment has increased 4.4 percent per year; shipments have increased 6.2 percent annually.

The study, which was conducted for SPI by Probe Economics, Millwood, N.Y., provides economic data from all 50 states. It also includes data on productivity and international trends, showing the increasing importance of international trade to the plastics industry. According to the report, international trade is responsible for 15 percent of plastics industry jobs in the United States. The industry had an overall trade surplus of $5.2 billion in 1999.

The SPI Economic Report is available from SPI Literature Sales, (800) 541-0736 for $145 for SPI members; $215 for non-members. Refer to publication AB-147 when ordering. Summary information is also available on SPI's Web site at www.plasticsdatasource.org/impact.htm#statefacts. The data also will be available in the near future in a searchable, on-line database developed by SPI and Plastics News, a weekly industry newspaper. The database, at www.plasticsnews.com, will include additional features not incorporated in the printed report, such as county data. Founded in 1937, The Society of the Plastics Industry, Inc. is the trade association representing one of the largest manufacturing industries in the United States. SPI's 1,700 members represent the entire plastics industry supply chain, including processors, machinery and equipment manufacturers and raw material suppliers.

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