Saturday, February 16, 1974
ALLOCATION SCHEME FOR PLASTIC RAW MATERIALS
Qualifying Conditions Announced
Conditions under which local plastic firms can participate in
an allocation scheme for two essential raw materials were announced today
by the Commerce and Industry Department.
The full details are being issued by circular to about 2,100
firms registered with the department.
About five million pounds of polyethylene and polystyrene will
be made available for allocation to smaller factories next month by major
plastics manufacturers and importers of plastic materials.
The scheme is open to all factories registered for the production
of plastic goods on or before February 13, 1974, and whose registration is
still valid.
To qualify, a registered factory must have a total injection-
moulding machine capacity of not more than 30 ounces, and its consumption
of polyethylene and polystyrene in 1972 and 1973 must not have exceeded
an average of 20,000 pounds per month in total.
Factories interested in participating in the scheme are required
to fill in an application form and return it to the Commerce and Industry
Department not later than February 22.
A department spokesman said that particulars given in the form
will be checked by authorised departmental staff, and any applicant making
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a false claim will be disqualified from the scheme.
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