In Panama is reported a fall of between 25% and 30% in the national production of polyethylene bags in the last month and a half, because of the entry into force of the law that prohibits its use.
Annual imports by the plastic industry in Costa Rica are worth around $242 million, of which almost 50% is imported by Durman Esquivel, Mexichem and Polymer.
According to figures from the "Costa Rican Company Identifier" system, compiled by the Business Intelligence Unit at CentralAmericaData, in 2015 companies dedicated to the manufacture of plastic products, Durman Esquivel, Mexichem and Polymer, together imported $111 million worth of plastics.
From December the plant belonging to the Peruvian company OPP Film in San Juan Opico will increase its annual production capacity from 35,000 to 70,000 tons of polypropylene films.
The operation of the company's second production line of its plant in San Juan Opico, La Libertad, will be launched in December, which will increase capacity for the production of polypropylene films, which are used for packaging and labels for other products, going from 35,000 tons to 70,000 tons per year.The plant also has a metallization machine for the production of 15,000 tons of packaging and labels.
A hike in the prices of raw materials and other costs is threatening the dynamism seen in recent years in the plastics industry in El Salvador.
This year, participants in the plastics industry projected lower growth due to the rising price of its main raw material, ethylene monomer, resulting in a rise in the cost of the final product. Among the most affected products are packaging, household and hygiene products.
Further increases in the prices of plastic products are projected due to the global shortage of monomer, the main raw material for manufacturing these products.
The global supply of raw material for plastic manufacturing has not kept pace with demand, leading to a shortage of materials such as ethylene monomer, "... whose price is around $1,500 per ton, comapared to previous years when it was between $600 and $800. "
In Guatemala manufacturers are claiming that the recent rise in the prices of raw materials such as polyethylene resins, polystyrene and polycarbonate could push up the final price of plastic products.
The increase in the price of a barrel of oil is the main cause of the increase in prices of raw materials, most of which are derivatives of petroleum.
A company producing polyethylene products has closed part of its operation in Costa Rica due to the high cost of production in the country and transferred its factory which is now operating in Nicaragua.
The high costs that firms have to incur to produce competitively in the country is the main reason behind the partial closure of the Yanber company's operations in Costa Rica and its transfer to Nicaragua.
As of October 1st the manufacture, import and marketing of the plastics will be prohibited in Haiti.
A press release from Procomer reads:
The Government of Haiti, with its president Michel Martelly, has signed an order that prohibits the manufacture, import and marketing of plastic material from 01 October this year, as a way of improving environmental conditions and the image of the capital port au Prince.
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