MUNDOMATERIAL

ANAIP, the Spanish trade association for plastic professionals and COFACO, a consortium of companies transforming rubber, just signed the Foundational Act of the FEITCAP or Federación Española de Industriales de la Transformación de Caucho y Plásticos. ANAIP y COFACO are two of the oldest trade associations in Spain, with 53 and 61 years of existence each. Their decision to join forces has been motivated by the need to reduce the effect of the economic downturn in one of the most important manufacturing sectors in Spain. Plastic and rubber manufacturing decreased by 17% during the first 9 months of 2009. This has to be added to the 12% drop already registered by the segment during 2008. The recently created federation, FEITCAP, represents more than 4,450 companies that directly employ 118,000 people. Its volume of business in 2008 was over 19,000 million euros, i.e 1.8% of Spanish GDP. José Antonio de la Cruz, former President of ANAIP will be the first to preside FEITCAP and José... 
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