ILMA 2nd Advisory Shows Unprecedented Scenario for Trade Ahead
In the wake of continued shortage of raw material and price escalation, Indian Laminate Manufacturers Association has again advised the laminate industry to optimise their production by adjusting the prices.
As per ILMA, the situation concerning raw material availability, the industry is currently facing additional cost increases across multiple laminate segments such as Liner, 0.7mm, 0.8mm 0.9mm, 1.00mm by Rs 17, 25, 30 and 40 respectively.
More critically, this severe shortage of essential raw materials, particularly Gas (used by Laminate and Chemical Manufacturers), Phenol & Methanol (key input for formaldehyde production) is significantly impacting manufacturing operations across the country.
It has been observed that several laminate manufacturing units have reduced production levels, and a considerable number of factories have temporarily shut down operations due to non-availability of gas and key raw materials.
In light of the above, the Association strongly recommends that all members adopt a production optimization approach, with a focus on prioritizing confirmed and essential orders along with rationalizing inventory and production planning. Conserving available raw materials to ensure continuity of operations is the need of the hour.
The Board Members continue to closely monitor the situation and assess the evolving cost impact on the industry. Based on ongoing developments and member feedback, a further cost revision advisory may be issued if required. Members are also advised to remain vigilant and aligned with industry-wide measures during this period of uncertainty.
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