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IVK Europe Warns on the Effect of Force Majeure Declarations
Plastic manufacturers are faced by major challenges due to a severe shortage of important raw materials
The difficult supply situation leads to production restrictions in the short and medium term and at the same time significant price increases. In this situation IVK Europe’s member companies are predicting bottlenecks in production and deliveries to customers. Some member companies have already had to announce short time working due to raw material shortages. IVK Europe will continue to monitor and report on developments.
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