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Monday, February 25, 1974
OVER 1,000 FIRMS APPLY FOR PLASTICS SHARE-OUT
Arrangements for a share-out of two essential plastic raw materials
among local plastics firms are now being finalised by the Commerce and
Industry Department.
Applications to participate in the share-out have been received from over 1,000 firme, and these are being checked out by staff in the department's Industrial Development Branch to ensure that they meet the
qualifying conditions.
Importers and larger manufacturing firms are providing more than
5,000,000 pounds of polyethylene and polystyrene for distribution next month.
The share-out is intended to help smaller firms who are facing
difficulties in obtaining supplies.
To qualify, a registered factory must have a total injection-moulding
machine capacity of not more than 30 ounces, and its consumption of polye-
thylene and polystyrene in 1972 and 1973 must not have exceeded an average of 20,000 lbs per month in total.
The closing date for applications was Friday, February 22.
Qualifying factories will receive written authorisations from the
Commerce and Industry Department for presentation to designated suppliers to
secure sale and delivery of a specified quantity of materials,
The share-out scheme was proposed by the three main plastic manufacturers' associations and supported by the major importers of plastic raw materials.
Consultations were held with officials in the Commerce and Industry
Department which agreed to give administrative assistance to the scheme.
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