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An estimated €2 billion that could have been spent on innovation is instead being spent on defensive measures.
August 18, 2015
By: Tom Bowtell
BCF CEO
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. ...
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