At the end of June, a nationwide referendum on British withdrawal from the eu.British plastic industry will actively deal with, but there is no doubt that in the short term will bring to market volatility.

British plastics federation of former President, polymer distributor Plastribution general manager Mike Bowell for PRW interview said that "the plastic industry to cope with the changes, although due to the pound fell caused the rise in the cost of raw materials, but we are more competitive in the field of some value-added."He also pointed out that plastic industry investment may be affected by the out of the European Union.

Automobile suppliers Nifco UK managing director Mike Matthews also agree with this view: "Europe is still the company's largest market, for us, it is essential to the production high quality high standards of products.Investment decisions over the next few months will be crucial, as an industry, we have to do the same with your own creativity, and before action to prove."

Matthews says it will focus on the possibility of logistics costs rise, at the same time points out that the pound against the dollar if continue to slump, will lose competitiveness.

At the same time, the British plastics federation President Philip Law says the effects of voting is not clear.However, members of the association will continue to work with the government, and the parties cooperation, ensure that the plastic industry continue to develop.

(source: Plasticnews China)