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Plastics industry struggles with rising energy costs

Rising energy costs are pushing the UK plastics industry “to the edge of a precipice” warned UK’s plastics trade association. A recent survey conducted by the British Plastics Federation (BPF) found that 44% of its member companies weren’t able to pass on the increased energy costs to their customers. The BPF said that last October its members faced average price increases of 58% for gas and 56% for electricity – and some faced ...