-Automotive and housing demand to drive growth in 2014-
WOODLAND HILLS, Calif.--(BUSINESS WIRE)--
Analysts with Great American Group, Inc. (OTCBB: GAMR) report that the
outlook for the chemicals and plastics sector is optimistic in 2014, due
largely to strong forecasted demand from the residential construction
and automotive production markets. In 2013, the housing demand exhibited
a resurgence, driven predominantly by the residential construction
sector. The automotive sector posted similar results, boasting its
highest unit sales since 2007 with 15.6 million new vehicles in 2013.
"Despite a number of challenges, the chemicals and plastics industries
demonstrated growth in 2013, boosted by the highest level of car sales
in six years and rapid expansion in the housing market," said Jonathan
Deptula, Great American Group senior project manager and
chemicals/plastics industry specialist. "While nothing is certain in the
global economy, our industry analysts are optimistic that 2014 will
mirror the growth witnessed last year."
Low-cost shale gas also continued to contribute significantly to the
strong industry performance. The abundance of cheap raw materials
sparked something of a renaissance in the domestic industry, with
numerous industry participants announcing new plant construction and
expanded capacity in the coming five to ten years. Formerly plagued by
high costs, analysts believe the U.S. is becoming increasingly price
competitive on a global scale.
For more information about industry trends in chemicals, plastics and
packaging, download Great American Group's newest quarterly Chemicals
and Plastics Monitor - available on the company's website at http://greatamerican.com/static/pdf/industry-insights/Chemicals%20and%20Plastics/Chemicals%20and%20Plastics%20Monitor%20January%202014.pdf.
Additional information about asset disposition or advisory and valuation
services is available on Great American Group's website at www.greatamerican.com.
About Great American Group, Inc. (OTCBB: GAMR)
Great American Group is a leading provider of asset disposition and
auction solutions, advisory and valuation services, capital investment,
and real estate advisory services for an extensive array of companies. A
trusted strategic partner at every stage of the business lifecycle,
Great American Group efficiently deploys resources with sector expertise
to assist companies, lenders, capital providers, private equity
investors and professional service firms in maximizing the value of
their assets. The company has in-depth experience within the retail,
industrial, real estate, healthcare, energy and technology industries.
The corporate headquarters is located in Woodland Hills, Calif. with
additional offices in Atlanta, Boston, Charlotte, N.C., Chicago, Dallas,
Melville, N.Y., New York, Norwalk, Conn., San Francisco, London, Milan
and Munich. For more information, call (818) 884-3737 or visit www.greatamerican.com.
Great American Group
Source: Great American Group, Inc.
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