Material price hikes stymie UK plastics recovery

New Delhi : A full two third of the UK’s plastics industry expects to see an increase in turnover but profits won’t necessarily follow due to price hikes for raw materials, that’s according to the latest BPF Business Conditions Survey. Materials availability is also an issue, says the federation.

June’s Business Conditions Survey was compiled from responses from 100 member firms. Respondents to the survey included companies supplying products to the construction, automotive, packaging, electrical and electronic, general mechanical goods and healthcare sectors.