Word: plastics
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...don’t know when, we don’t know where, but something terrible is about to happen. Buy plastic wrap. Thank...
...said Gould-Wartofsky, who is also a Crimson editor. A mosaic of malcontents swirled around him: Jews Against Occupation; Young Feminists Mobilizing; Books Not Bombs. Gould-Wartofsky’s own logo was more subtle: a Harvard Coop insignia, protruding from his back pocket in the form of a plastic...
...companies that can't pass higher costs on to customers due to competitive or contractual constraints, a world of $40-per-barrel oil could prove distinctly inhospitable. The Chinese city of Yuyao, a sprawl of factories and warehouses about three hours from Shanghai, has been a center for the plastic trade and related light industry for more than three decades. Last year, the roughly 1,000 merchants in Yuyao's main commercial district did $1.7 billion in business, selling everything from granulated PVC to finished plastic products, such as grips for fishing rods and motorcycle windshields...
...petrochemicals are a major component of plastic, and Yuyao?often known as "Plastics City"?is under siege. According to local merchants, the price of a ton of ABS (acrylonitrile-butadiene-styrene), a common ingredient in hard-plastic products, has virtually doubled since March. "The prices for raw materials have gotten so high that no one is making a profit," says Mrs. Xu, who runs a small raw-materials factory with her husband. Xu, who declined to give her full name, says many of the factories she supplies have gone bankrupt this summer. Xu Songquan (no relation), who has been...
...country's grimy industrial trenches, the crunch is on. Kim Jong Gwan, manager of a factory west of Seoul, says he paid 74? per kilogram at the start of the year for the raw materials he uses to make plastic pipes. Today the price is $1.04. To keep costs down, the factory started using more recycled polyethylene pellets, but competitors are doing the same and the cost of recycled material has jumped 20% and will be up 40% by the end of the year. Kim tried to raise prices, but customers threatened to switch suppliers. So he now finds himself...