Plastic Industry Production Declines in Banke Due to Raw Material Shortages Amid Middle East Tensions

Banke. Production in plastic-based industries operating in Banke is declining due to a shortage of raw materials.Kamal Karki, Associate Member of the Nepalgunj Chamber of Commerce and Industry and Managing Director of Star Poly Pipe Industry, informed that production has decreased, and some industries are on the verge of closure because the raw materials needed for the industry are scarce due to escalating tensions in the Middle East Asia. According to him, traders are suffering as the import of raw materials has decreased.The price of raw materials in the international market has increased by 40 percent. The raw materials imported...