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Processing industry hit by hike in caustic soda price - APTPMA

11
Sep '08
Rise in the prices of caustic soda products has sent a wave of disappointment throughout the textile industry. Mr Muhammad Riaz Sheikh, Chairman of All Pakistan Textile Processing Mills Association (APTPMA) and former Chairman of the organization Mr M Iqbal Arbi have also voiced their dissatisfaction with the decision asserting that it is bound to prove extremely harmful for the textile processing industry.

In the preceding month, prices of caustic soda flakes were raised from Rs 36,848 to 42,326 per metric ton and to add to this the prospect of an enhancement in the prices of caustic soda liquid and solid cannot also be ruled out completely.

In an exclusive interview with Fibre2fashion, Anees Motiwala, Regional Chairman of APTPMA stated, “Caustic Soda is a basic raw material of our textile processing industry, for which inputs are rock-salt, electricity and gas. The prices of these three items have not increased as much in proportion to the price increase brought about of caustic soda. As such, the cost of doing business for processing industries is rising with every passing day.”

Appeals were made to Mr Mian Muhammad Adree, Chairman of Caustic Soda Manufacturers Association (CSMA) urging for a reconsideration of prices, or better still, a restoration to the previous level.

Both Mr Sheikh and Mr Arbi, said in a press statement that “even the slightest enhancement in the prices of caustic soda products, especially during the ongoing era of globalization, would render domestic goods uncompetitive and oust us from international export markets.”

Fibre2fashion News Desk - India


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