WPC|PVC Board Manufacturing During Covid Pandemic
WPC/PVC board industry is largely impacted and forced to even shut down plants. The reported production can be estimated to be around 50 percent due to steep price rise of its raw materials. The entire eco-system of this emerging product category looks jeopardized with no sign of relief for next 2 to 3 months. WPC raw materials prices rising from Rs.75 to Rs.140 in last 6 months, is actually no match for the miniscule rise that industry has passed on. The manufacturing industries have increased the prices of WPC/PVC boards by mere 20 percent where as impact is more than market can visibly handle in one go. PVC resin prices are shooting up almost every day, making it impossible for industry to pass on the prices of finished goods on day to day basis. Manufacturers are clear that running plant today is not sustainable, especially on its full capacity. A sharp increase in finished goods prices would be challenging task and also to maintain the products share thus it is wise to eith