The aluminium can shortage is reported to be about to cause a potential ₹11,500 crore (£900k) disruption as stock from major suppliers falls to just 10–20% of normal capacity.
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According to Hindu Businessline supplies from the main manufacturers in the market Ball and Canpack have fallen “sharply” with the impact creating a deficit of aluminium cans in a crisis that is set to affect domestic supply. The situation follows a global aluminium price spike of around 47–50% year-on-year to approximately US$3,600 per tonne, sharply raising import costs across India which is now fast-becoming dependent upon getting cans from overseas. India’s drinks industry recently secured a government delay to new quality certification rules for aluminium cans amid all of the rising fears of severe supply shortages . at the start of the year, producers already warned that limited domestic capacity and import bottlenecks could disrupt peak summer sales. Additionally, the Federation of European Business in India asked India to temporarily axe 10% of import duties on key packaging materials , warning of potential shortages linked to disruption from the US-Iran conflict. Local ...