Electricity tariff & property assessment hikes will hurt plastic industry: MPMA

KUALA LUMPUR: The Malaysian Plastics Manufacturers Association (MPMA) has expressed concerns that the 16.85% increase in electricity tariff for the industrial category from Jan 1, 2014 will hurt the industry.

“Given that electricity is the second largest cost component in the manufacture of a plastic product, the drastic increase in electricity cost will cause plastic products made in Malaysia to be less competitive and, consequently, exports will be adversely affected,” MPMA's president Lim Kok Boon said.