China – Many of China’s plastics recyclers are struggling in the wake of strict government measures demanding a-level plastics imports, resulting in a steep drop in the volumes entering the country. The decline is said to be as high as 50% at some ports.
Plastics recycler Shenzhen New Rainbow Recycled Materials Technology has witnessed a 20% drop in its imports of used HDPE bottles so far this year. Similarly, Hong Kong-based Lung Shing International Group Ltd has seen its imports of recycled plastic drop by one-third through the port of Guangzhou.
But the General Manager of Lung Shing’s Guangzhou factory, Alex Xie, says the company ‘considers itself lucky’ as this loss does not compare to the falls seen elsewhere. He observes: ‘Costs have increased a lot. It takes more time to clear customs.’
Guan Aiguo, Chairman and Managing Director of Tangshan China Recycling Development Co., echoed this view at the ChinaReplas 2012 conference and trade show, held in Beijing last week. Climbing costs and new regulations on pollution will seriously affect the industry which, he predicted, will ‘undergo dramatic restructuring’ in the next three to five years.
Source: Plastics News
Don't hesitate to contact us to share your input and ideas. Subscribe to the magazine or (free) newsletter.