Due to rising energy prices, the German plastic packaging industry is facing increasing competition from international companies, according to a new survey from the IK trade association. The plastics trade group, Industrievereinigung Kunststoffverpackungen (IK), stated that the cost increase of the EEG (Germany’s renewable energy law) allocation for this year alone is in the six-digit range for medium-sized companies. Whereas power costs in France are only half as high and in the U.S. electricity prices have partially dropped to as little as 5 cents per kilowatt hour. Tagging Options Domain:  All Sites Keywords:  plastics packaging germany read more

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IK survey: High energy prices hurting German plastic packaging industry