Plastic companies wary of rising cost of inputs
Plastic companies wary of rising cost of inputs Monday May 03 2021 Plastic manufacturers say that raw materials have increased by almost 100 per cent in just a year. PHOTO | Courtesy Summary The price hike has been mainly caused by diversion of most raw materials from UAE to US to cover a huge shortage in the country. Advertisement Plastics manufacturers have said the increasing cost of raw materials from source markets is expected to impact local prices in the near future. This comes at a time when, according to manufactures, a tonne of raw plastic materials, a key input in the manufact...
Source: monitor.co.ug