Contact: Paula Weis
(202) 974-5282

FOR IMMEDIATE RELEASE

SPI RELEASES 2003 FINANCIAL AND OPERATING RATIOS SURVEY OF PLASTIC PROCESSORS

WASHINGTON (June 15, 2004) - The Society of the Plastics Industry, Inc. (SPI) has released 2003 data on financial and operating ratios and statistical benchmarking data in its 42nd Financial & Operating Ratios survey of plastic processing companies.

A total of 93 companies reported data for 120 plants. This survey covers plastic processing companies of all types and reports income statement and balance sheet data expressed as ratios (percentages). In addition to the financial and operating ratios, statistical data covered in the survey include: distribution of 2003 sales dollars, net sales/employee hours, value-added per employee, net sales/production worker hours, total employment costs/net sales, production worker employment costs/net sales, total employment costs/pounds shipped, production worker employment costs/pound shipped, total production related expenses/pound shipped, profits, changes in net sales from 2002 to 2003 and other data.

The survey also provides benchmarking data, including percentage of on-time delivery, percentage of customer complaints for orders shipped, percentage of products made that did not meet customers' specifications and employee absenteeism.

A list of survey participants, a copy of the original questionnaire and formulas for ratios are included in the survey. To order, contact SPI Literature Sales at: (800) 541-0736 or link to the SPI Web site at www59.hway.net/plas34/secureforms/fmcorder.htm. The surveys are free for participating companies and sold individually at $150 for SPI member non-participants and $300 for non-member non-participants. Please reference catalog number BA-171.

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 members represent the entire plastics industry supply chain, including processors, machinery and equipment manufacturers and raw materials suppliers. The U.S. plastics industry employs 1.4 million workers and provides nearly $310 billion in annual shipments. For more information, visit SPI on the Web at www.plasticsindustry.org.

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