From Plastics News, a Crain publication
Brussels -- Despite improving business conditions, plastics processors in Europe are suffering from shortages of some raw materials, according to European Plastics Converters (EuPC), a Brussels-based trade group for plastics processors.
Alexandre Dangis, managing director of the organisation, said the problem may slow down the plastics industry recovery in 2011.
"'For some plastics we are facing price increases of up to 30 percent in the period November 2009 to November 2010," he said. "There are still widespread reports of material and additives shortages and processors not being able to get the material to enable them to deliver on their projects."
EuPC has previously urged processors to consider legal challenges to suppliers' declarations of force majeure.
"We will certainly keep a very close eye on this development," Dangis said.
Dangis, speaking at a European Commission Marine Litter workshop, added that demand from China is drawing away material from Europe.
"At the same time Europe is exporting large volumes of plastics waste to the Far East and one has to wonder if plastics recyclate will not be of a more strategic importance for European converters in the years to come," he said.