Rising polymer raw material prices hit MSME plastic units
The Hindu
About 50,000 units in the plastics processing sector are believed to be operating below 50% of their rated capacity due to a sharp rise in raw material prices, said heads of All India plastic industry associations. They added that if the crisis prolonged, about 20,000 MSME plastic units would be forced to close down.
Industry bodies said large petrochemical companies, including PSUs, had exponentially increased raw material prices by 40-155% in the last 8-10 months. The associations have urged the Centre to direct Indian Oil, GAIL, OPAL, Haldia Petrochemicals and MRPL to streamline supply of raw materials at fair prices.
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