Archive for January 7th, 2013
Intermediates are materials, supplies or components that are supplied by one entity as an input to another entity’s manufacturing process. It’s a diverse and diffuse market that can include basic commodities like chemicals, resins, films, sheets or other kinds of relatively undifferentiated processed materials — or it can include more refined and differentiated components such as plastic parts.
The concept of intermediates is not limited to the field of plastics; it can encompass materials such as lumber, metals, leather, paper, textiles, paints, dyes, fertilizers or even energy products such as petroleum, gas or electricity. An intermediate component can be complex in itself and can incorporate many parts and many different materials. For example, a car seat is a fairly complex assembly made up of a frame, foam padding, upholstery material, parts for controlling seat position and possibly even a heating element and electronic controls. The seat is made up of a number of intermediate components, but in reality the seat itself can be seen as an intermediate component that will eventually make up part of an automobile. Read the rest of this entry »