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Egypt's Industry Ministry raises fees on plastic scraps

Egypt's Industry Ministry raises fees on plastic scraps

Cairo: Minister of Industry and Trade issued a decree raising the fees on waste and plastics scraps to 5.000 per ton instead of 3.000.

However, this does not involve plastic molded granules or molded in all its colors, even if it contains of more than one material for one year.

In addition, the charges imposed by esolution 121 for the year 2016, which states EGP3.000 per ton, cannot keep pace with the huge increase in world prices.

Accordingly, prices grew by 65 percent, explaining that the average price per ton increased from USD840 to USD1.350.

Source: MENAFN

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