Processors bullish despite Brexit - poll
4th October 2016

UK glass processors are confident about the future, with nearly half expecting ‘significant growth’ into 2018 and two-thirds planning investment in machinery within the next two years, according to a poll conducted by Promac Group among visitors to Glasstec.

A further 14 per cent said that they expected to see ‘sustained’ if more modest growth, while 32 per cent, said that they were ‘unsure’. Five per cent suggested that the market would start to contract by 2018.

Of the total of those polled 68 per cent of respondents said that they expected to make investment in new machinery within the next 12-months.

Joe Hague, Managing Director, Promac Group, said that there appeared to be a high level of optimism among glass processors.

He said: “Brexit was obviously the subject of significant discussion but the sense was that the industry in the UK would see continuing growth and that people were prepared to invest in it.

“We would suggest that this is in part down to the availability of money and very low rates of interest on commercial loans but Sterling has also recovered some of its post-referendum losses and there’s a general recognition out there that this is a good time to invest.”

Hague reported brisk business at the show with cutting-edge technologies from Promac’s glass processing supply partners on show, including Forel, Goldglass, Macotec, Mappi and SoftSolution.

www.promac.co.uk