Economy, Business And Markets
0

Packaging Industry Facing Shortage of Raw Materials

Packaging Industry Facing Shortage of Raw MaterialsPackaging Industry Facing Shortage of Raw Materials

A near fivefold rise in packing paper exports, thanks to the surge in foreign currency rates against the Iranian rial and the prices of recycled paper, has led to the shortage of raw materials needed for the production of cardboard boxes.
Amir Hossein Esmaeilpour, the managing director of Iran Carton Company, added that as a result, the output of companies has declined by 30-50% in the first half of the current Iranian year (March 21-Sept. 22).
“Last year (March 2017-18), about 850,000 tons of packing paper were produced in the country

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com