Issue link: https://www.e-digitaleditions.com/i/1252179
10 / June 2020 powderbulk.com an expectation of revenue decline and 53 percent expected things to remain the same. Thomas, based in New York, NY, provides actionable information, data, analysis, and tools that align with and support today's industrial buying process. The survey was conducted online using Qualtrics and polled more than 1,073 North American suppliers with revenues from less than $4.9 million to more than $500 million. Mitsubishi Chemical announces acquisition of Swiss engineering plastics recyclers Mitsubishi Chemical Corp. (MCC) has announced it will acquire two Swiss engineering plastics recy- clers, Minger Kunststofftechnik AG and Minger Plastics AG (collectively the Minger Group). The acquisition will be made through Mitsubishi's group company Mitsubishi Chem- ical Advanced Materials (MCAM), which has its head office in Zurich, Switzerland. Based in Tokyo, Japan, MCC's Minger Group acquisition is part of MCC's plan to promote the circular economy. The acquisi- tion is expected to be completed in February 2020. The Minger Group has pro- prietary recycling technologies for engineering plastics, includ- ing polyether ether ketone, poly vinylidene difluoride, and nylon. The group has a wide plastics col- lection network in Europe and an established business model for recycling engineering plastics in the region. MCC's acquisition will allow the company to establish an integrated business model around engineering plastics, including manufactur- ing, sales, machining, collection, and reuse. MCC is a performance products and industrial materi- specified that they were lacking the fabricated materials, metals, electri- cal or electronic components, raw materials, and machining tools and parts needed to help stabilize sup- ply and allow production to remain on schedule. The survey results also indicated that low oil prices were expected to have a positive impact, as transport costs and raw materials like plastics would be less expensive. In terms of financial impact, the March survey indicated that 55 percent of manufacturers expected revenue to decline as a result of the coronavirus and 31 percent expected revenue to remain the same. The March survey is more pessimistic when compared to the February survey that revealed that only 34 percent of companies had solutions that companies are using to meet demand. One of the sur- veys findings was that more than half of manufacturers indicated that they're "likely to extremely likely" to bring production and sourcing operations back to North America. About 47 percent of US manufacturers are currently seek- ing domestic supply sources. The survey also found that in February, 60 percent of manufactur- ers who responded were impacted by the coronavirus but the March follow-up survey showed that only 45 percent of manufactur- ers indicated they were being affected. Those surveyed said that challenges included shipping and logistics disruptions along with offshore factory suspension or pro- duction restrictions. Companies