21 Sep 2022 --- The plastics industry is being crippled by soaring energy costs that are threatening to shut down numerous businesses, according to trade organization European Plastics Converters (EuPC). Price rises add to a tumultuous year for plastics players, who have already struggled with climbing costs after the COVID-19 pandemic and weather disruptions. The EuPC says that converters, like many other energy-intensive industries, “are shocked” by the dramatic increase in electricity and gas prices. Although some companies have been able to avoid a cost increase due to current contracts, on average, the industry has had to face doubled electricity prices since the beginning of the year.
