Tuesday, August 23, 2011

How the Indian Supreme Court Indirectly Impacted PET Film Makers

Way back in earlier December I blogged about the Indian Supreme Court deciding that plastic is more dangerous than tobacco - it outlawed plastic bags that held gutka, a tobacco product. Now the secondary effects of that ban are being felt: Plastic News reported in their August 1 edition that Indian film suppliers have 220 million pound of PET inventory that they can get rid of. Suddenly last year's shortage of PET film has been become a glut on the market as the Indian inventory is being sold at low prices. A legal decision half-a-world away has now impacted the wallets of PET film makers in the US and elsewhere. The glut will eventually disappear, but it would be painful to have to live through it and compete against it.

1 comment:

Anonymous said...

Really great article with very interesting information. You might want to follow up to this topic!?! 2012