Damaging effect force majeure declarations polymer suppliers

The European Plastics Converters Association (EuPC) has said that the recent series of force majeure declarations by some of the leading polymer suppliers to the European market could have very damaging effects.
‘We are receiving reports from our major national associations that compounders and processors are experiencing difficulty in obtaining adequate supplies of polymer’, said EuPC's Managing Director. For plastics packaging manufacturers, as an example, the raw material component of the selling price of a pack accounts for as much as 60%. If increases on this cannot be passed on; this places the viability of the manufacturing companies at risk (Press Release EuPC, 1 April 2015).
Click here for the press release (249 kB).

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