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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Polythene banned from March. Benefits to GLAS.N

Polythene banned from March. Benefits to GLAS.N

Go down  Message [Page 1 of 1]

vikey


Manager - Equity Analytics
Manager - Equity Analytics
Gazette notification issued by Environment Ministry prohibiting use of  PET & PVC Polythene packing products for agrochemicals & single use sachet packets from 2021 March 31- Hirunews.lk

gayanhdd


Equity Analytic
Equity Analytic
Good news for GLAS

AmateurTrader001


Senior Equity Analytic
Senior Equity Analytic
Polythene was supposed to be banned on January 2021, and way before that as well during previous govt..... just stunts to please the environmentalists I guess lol.

stockie

stockie
Senior Equity Analytic
Senior Equity Analytic
@gayanhdd wrote:Good news for GLAS

Effect of this will be very minimum considering the volumes within sri lanka, anyway GLAS has many clients all over the world if this is global trend sure it will affect its profitability

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@stockie wrote:
@gayanhdd wrote:Good news for GLAS

Effect of this will be very minimum considering the volumes within sri lanka, anyway GLAS has many clients all over the world if this is global trend sure it will affect its profitability

GLAS has anyway been catering mainly to the local market having the monopoly in glass containers, so the incremental affect will be significant, especially from the agro chemical market. Further, ppl who were buying Sachets for sauce, will have to buy the bottles now

Eranga87 and C.THARANGA like this post

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Promoney wrote:
@stockie wrote:
@gayanhdd wrote:Good news for GLAS

Effect of this will be very minimum considering the volumes within sri lanka, anyway GLAS has many clients all over the world if this is global trend sure it will affect its profitability

GLAS has anyway been catering mainly to the local market having the monopoly in glass containers, so the incremental affect will be significant, especially from the agro chemical market. Further, ppl who were buying Sachets for sauce, will have to buy the bottles now

Not only GLAS , its good for ALUMINUM also

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Most of the sachets used in Sri Lanka is for milk powder, malted powder (Nesto malt, viva, Horlicks), washing detergent etc. If anyone observes sales of smalll groceries many people from lower economic classes buy these small sachet packs on daily basis since they cannot afford to buy large packs. These people are daily wage earners.
It’s not possible to pack these sachets in tiny bottles. The solution would be paper. Like small paper sugar packs you find in cafes similarly dry products such as milk powder and washing powder can be packed ensuring no exposure to moisture. It’s not easy to move to this alternative.

Sauce packs are liquid and those are generally used by small minority in cafes, hotels and takeaways and not used in households. Offering glass ketchup bottles for dine in will be the solution. However for takeaway there has to be another solution or else not offer ketchup packs at all.

As highlighted above for different products and scenarios there will be various alternatives that can be used, not just glass. Tetra packs are another packaging solution for suitable products.

Glass will have some benefits for products which require glass packaging as opposed to polythene and plastic.

This policy is difficult to implement due to difficulty and practicality when converting packaging to eco friendly material. However this will be the way forward globally and the sooner we move to eco friendly packaging the better.

Eranga87, ADVENTUS, geesura and CSEdeSILVA like this post

High-flyer

High-flyer
Manager - Equity Analytics
Manager - Equity Analytics
@RJ1010 wrote:Most of the sachets used in Sri Lanka is for milk powder, malted powder (Nesto malt, viva, Horlicks), washing detergent etc. If anyone observes sales of smalll groceries many people from lower economic classes buy these small sachet packs on daily basis since they cannot afford to buy large packs. These people are daily wage earners.
It’s not possible to pack these sachets in tiny bottles. The solution would be paper. Like small paper sugar packs you find in cafes similarly dry products such as milk powder and washing powder can be packed ensuring no exposure to moisture. It’s not easy to move to this alternative.

Sauce packs are liquid and those are generally used by small minority in cafes, hotels and takeaways and not used in households. Offering glass ketchup bottles for dine in will be the solution. However for takeaway there has to be another solution or else not offer ketchup packs at all.

As highlighted above for different products and scenarios there will be various alternatives that can be used, not just glass. Tetra packs are another packaging solution for suitable products.

Glass will have some benefits for products which require glass packaging as opposed to polythene and plastic.

This policy is difficult to implement due to difficulty and practicality when converting packaging to eco friendly material. However this will be the way forward globally and the sooner we move to eco friendly packaging the better.

Keeping aside the Implication to CSE and its Companies.

This proposal is very much welcome. 

In SL we use polythene like maniacs. Just Observe how many polythene bags used by Super Markets. Simply Absurd.

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@High-flyer wrote:
@RJ1010 wrote:Most of the sachets used in Sri Lanka is for milk powder, malted powder (Nesto malt, viva, Horlicks), washing detergent etc. If anyone observes sales of smalll groceries many people from lower economic classes buy these small sachet packs on daily basis since they cannot afford to buy large packs. These people are daily wage earners.
It’s not possible to pack these sachets in tiny bottles. The solution would be paper. Like small paper sugar packs you find in cafes similarly dry products such as milk powder and washing powder can be packed ensuring no exposure to moisture. It’s not easy to move to this alternative.

Sauce packs are liquid and those are generally used by small minority in cafes, hotels and takeaways and not used in households. Offering glass ketchup bottles for dine in will be the solution. However for takeaway there has to be another solution or else not offer ketchup packs at all.

As highlighted above for different products and scenarios there will be various alternatives that can be used, not just glass. Tetra packs are another packaging solution for suitable products.

Glass will have some benefits for products which require glass packaging as opposed to polythene and plastic.

This policy is difficult to implement due to difficulty and practicality when converting packaging to eco friendly material. However this will be the way forward globally and the sooner we move to eco friendly packaging the better.

Keeping aside the Implication to CSE and its Companies.

This proposal is very much welcome. 

In SL we use polythene like maniacs. Just Observe how many polythene bags used by Super Markets. Simply Absurd.

Yes polythene bags overload in supermarkets.

I forgot to mention shampoo sachet packs in my previous note. Very difficult to find alternative packaging. It’s very popular packing for rural and lower economic classes as a single use item. Need to find ways to move away from these.

geesura likes this post

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Look at the overrall picture. Ban on Plastic Agro containers, a sector which contribute to x percent of the economy now has to adopt to alternative packaging. Even more so, look at the trend of the policy making, all PET and one time plastic containers are heading for a STOP

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