PETALING JAYA: The Malaysian Plastics Manufacturers Association (MPMA) sees a 10% to 12% growth in the domestic plastics industry next year as resin prices ease over the next one to two years due to an increase in supply from the Middle East where raw materials cost cheaper.
Resin is used as feedstock in the production of plastics. These new suppliers (in the Middle East) would be using cheaper feedstock (made) from natural gas instead of expensive crude oil, MPMA president Lim Kok Boon said after a briefing on the performance of the Malaysian plastics industry and the 4th MPMA International Plastics Conference (MIPC).
