High raw material prices hit industries in Coimbatore region
The Hindu
Prices of steel, aluminium, copper, fuel, plastic and paper surging again
High raw material prices has hit the pumpset, garment, and property sectors in the region.
Prices of steel, aluminium, copper, fuel, plastic and paper are surging again, forcing pumpset manufacturers to increase prices for the fifth time in 12 months, said Southern India Engineering Manufacturers’ Association president K.V. Karthik.
Price of copper, one of the main raw material used in the manufacture of motors and pumps, is now 66 % higher than last year.
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