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Raw material costs surge by up to 40 per cent as industrialists fear imminent shortages.
As the conflict involving Israel, the United States and Iran intensifies in West Asia, the repercussions are beginning to manifest in Nepali industries. Plastic manufacturers are on the verge of closure due to a severe shortage of raw materials, with active plants already slashing production by 30 per cent.
Swagat Raj Pyakurel, proprietor of MM Polymers, said that heavy production cuts had become unavoidable due to procurement hurdles. His company, based in the Hetauda Industrial District, produces bottles for major beverages including Coca-Cola and Fanta. Pyakurel noted a growing scarcity of petrochemicals and polymers—essential industrial inputs for plastic goods.
While India refines crude oil sourced from third countries to export petrochemicals to Nepal, Bharat Raj Acharya, treasurer of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), warned that India itself is facing a crude oil crunch. He cautioned that if the war persists, plastic and other related industries in Nepal could face a complete shutdown.
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The contagion is now spreading across multiple sectors. In footwear and apparel, costs are expected to rise by 20 percent, with Pashupati Dev Pandey, president of the Garment Association of Nepal, citing disruptions in the supply of zippers, buttons and yarn from China and South Korea. In the construction sector, Ravi Singh, president of the Federation of Contractors’ Association of Nepal, reported that bitumen imports have been hit, with rebar prices rising by Rs20 per kg and bitumen by Rs135.
Continued: https://kathmandupost.com/national/2...saline-bottles
Raw material costs surge by up to 40 per cent as industrialists fear imminent shortages.
As the conflict involving Israel, the United States and Iran intensifies in West Asia, the repercussions are beginning to manifest in Nepali industries. Plastic manufacturers are on the verge of closure due to a severe shortage of raw materials, with active plants already slashing production by 30 per cent.
Swagat Raj Pyakurel, proprietor of MM Polymers, said that heavy production cuts had become unavoidable due to procurement hurdles. His company, based in the Hetauda Industrial District, produces bottles for major beverages including Coca-Cola and Fanta. Pyakurel noted a growing scarcity of petrochemicals and polymers—essential industrial inputs for plastic goods.
While India refines crude oil sourced from third countries to export petrochemicals to Nepal, Bharat Raj Acharya, treasurer of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), warned that India itself is facing a crude oil crunch. He cautioned that if the war persists, plastic and other related industries in Nepal could face a complete shutdown.
-snip-
The contagion is now spreading across multiple sectors. In footwear and apparel, costs are expected to rise by 20 percent, with Pashupati Dev Pandey, president of the Garment Association of Nepal, citing disruptions in the supply of zippers, buttons and yarn from China and South Korea. In the construction sector, Ravi Singh, president of the Federation of Contractors’ Association of Nepal, reported that bitumen imports have been hit, with rebar prices rising by Rs20 per kg and bitumen by Rs135.
Continued: https://kathmandupost.com/national/2...saline-bottles