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Plastics in a world economy: A minority view

Plastics in a world economy: A minority view 'Peter R. Lantos is president of The Target Group Inc., a consulting firm in plastics economy and technology. who have not learned from history, by new entrants to whom the polymers business looks more attractive than their present business, and by new venture partners in Saudi Arabia. Shortages in the past have been rapidly erased by too many producers jumping in with new plants, rapidly creating excess capacity. There is no reason to think that this will not happen again. The SABIC speaker promised that their companies will not operate profitless, implying that they will not undersell the competition. Since their delivered price in the United States is estimated to be equal to U.S. producers' plant cost (no allowance for sales, general and administrative costs, or for return on investment), they can fulfill their promise of profitless operation and still undersell U.S. companies by a wide margin. Future competition is going to take place in a world in which widely different ground rules govern. Ethics, including discounts, fees, and rebates, vary among countries. So d o laws and regulations relating to antitrust, environmental, and safety matters. Tariffs and duties vary greatly from country to country. And, finally, cultures http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Advances in Polymer Technology Wiley

Plastics in a world economy: A minority view

Lantos, Peter R.
Advances in Polymer Technology , Volume 4 (2) – Jun 1, 1984
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Publisher
Wiley
Copyright
Copyright © 1984 Van Nostrand Reinhold Company Inc.
ISSN
0730-6679
eISSN
1098-2329
DOI
10.1002/adv.1984.060040201
Publisher site
See Article on Publisher Site

Abstract

'Peter R. Lantos is president of The Target Group Inc., a consulting firm in plastics economy and technology. who have not learned from history, by new entrants to whom the polymers business looks more attractive than their present business, and by new venture partners in Saudi Arabia. Shortages in the past have been rapidly erased by too many producers jumping in with new plants, rapidly creating excess capacity. There is no reason to think that this will not happen again. The SABIC speaker promised that their companies will not operate profitless, implying that they will not undersell the competition. Since their delivered price in the United States is estimated to be equal to U.S. producers' plant cost (no allowance for sales, general and administrative costs, or for return on investment), they can fulfill their promise of profitless operation and still undersell U.S. companies by a wide margin. Future competition is going to take place in a world in which widely different ground rules govern. Ethics, including discounts, fees, and rebates, vary among countries. So d o laws and regulations relating to antitrust, environmental, and safety matters. Tariffs and duties vary greatly from country to country. And, finally, cultures

Journal

Advances in Polymer Technology – Wiley

Published: Jun 1, 1984

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