Higher raw material import costs put plastic makers in dire straits, say industry leaders
Dhaka, July 7 -- The country's plastic goods makers have been bearing the brunt of increased import cost of raw materials due to the recent crisis in the Middle East and energy supply crunch in their factories, they said on Monday.
In consequence, their higher production cost has not only minimised their profit, but also affected their sales, which lead to closure of some factories, said the Bangladesh Plastic Goods Manufacturers & Exporters Association (BPGMEA) leaders.
BPGMEA President Shamim Ahmed and its Senior Vice President K M Iqbal Hossain came up with the observations at a press meet at their office in the city's Paltan area on the day.
While sharing the updates on the plastic sector they also termed the national budget for fi...
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