Dear Friends,
As per the majority views in the General Body Meeting of our Association held on 6th March, 2021, I fully understand and appreciate your spontaneous decision to voluntarily close your units from 11th to 13th March in protest against this unrelentless price hike by paper mills and our inability to cope with this situation. We may have to make further sacrifices in the days to come to sustain and to keep our units viable.
Paper prices are being increased arbitrarily and since November 2020 there is an increase of 60- to 65% so far. Other inputs including steel stitching wire, starch, labour, energy, transportation and other costs have witnessed unprecedented rise thereby increasing the conversion cost by 40 – 50%.
If the situation continues, the very survival of the industry is under threat.
Our sincere intention for this voluntary shutdown is to seek:
My sincere request to all my Members to show solidarity by supporting this cause.
For Eastern India Corrugated Box Manufacturers’ Association,
Mohit Bajaj
President, EICMA