BOOST FOR I.C.I.A.N.Z.

Press, Volume CVIII, Issue 31584, 23 January 1968, Page 15

BOOST FOR I.C.I.A.N.Z.

Tariff Helps Plastics fNZ. Press Assn.—Copyright) SYDNEY, Jan. 22. Most major plastics products from the petro-chemical complexes of 1.C.1.A.N.Z. at Botany and B. F. GoodrichC.S.R. at Altona are showing a sharp rise in production now that imports are at relatively stable levels as a result of tariff protection, the ■'Australian Financial Review” reported today. This was one of the purposes of the support value protection and high tariff levels award products such as polyethylene and P. V. C., the paper said. Prices May Fall However, it was expected that, as production rose, costs, and then prices, would fall. Of course, in new plant installations, such as the 1.C.1A.N.Z. ehtylene cracker, there is still considerable spare capacity, the Review said. One of the most noticeable rises in production has been in P. V. C, but polyethylene and other products have also moved ahead.