David Savastano, Editor09.20.17
For purchasing executives at leading ink manufacturers, raw material prices have been relatively stable for the past few years. That stability is a thing of the past though, as key raw materials are in short supply, prices are going up and, with Hurricane Harvey wreaking havoc on residents of Texas and Louisiana as well as on the supply chain for petrochemicals and feedstocks, there is much uncertainty ahead.
The American Chemistry Council (ACC) noted that with $129 billion in shipments, Texas is the largest chemical producing state, and Louisiana (with $51 billion in shipments) is the fourth largest chemical producing state. Within those states, the areas directly affected by Harvey account for $155 billion in shipments, or approximately 20% of total chemical industry shipments in the US, according to the ACC.
“Hurricane Harvey is a record-breaking storm with unprecedented impacts on the people and property along US Gulf Coast due to extreme flooding,” Cal Dool
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