Tom Bowtell, British Coatings Federation CEO08.18.15
Recently, a European Commission survey released results confirming what we have been saying about REACH – that it stifles innovation in the coatings and printing ink industries.
Members of the British Coatings Federation invest massive amounts of R&D spend on defensive innovation to comply with regulations, rather than creating new applications or functionality for coatings and inks. An estimated €2 billion has already been spent by the chemicals industry in order to comply with REACH.
The survey, conducted by the European Commission, sampled 1,600 companies, with 35% responding that REACH is negatively affecting their capacity to innovate. Only 10% indicated a positive impact of REACH. The study’s full results are expected in the autumn, but the Commission’s industry directorate DG Grow’s deputy director general Antti Peltomaki, is obviously concerned.
Members of the British Coatings Federation invest massive amounts of R&D spend on defensive innovation to comply with regulations, rather than creating new applications or functionality for coatings and inks. An estimated €2 billion has already been spent by the chemicals industry in order to comply with REACH.
The survey, conducted by the European Commission, sampled 1,600 companies, with 35% responding that REACH is negatively affecting their capacity to innovate. Only 10% indicated a positive impact of REACH. The study’s full results are expected in the autumn, but the Commission’s industry directorate DG Grow’s deputy director general Antti Peltomaki, is obviously concerned.
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