Polymer producers: Are they really in trouble – 20 Dec 2021

The Plastic Waste Makers Index has identified the top 20 polymer producers which are responsible for over half of the production of polymers which end up as single-use plastic (SUP) waste globally

What is of great interest is that these companies’ profit margins peaked five years ago, return on capital declined over the last decade while financial gearing is headed in the opposite direction, and free cash flow has plummeted and annual capex is below depreciation

Has the industry itself become cautious about investing?

Are Indian companies in this index?

Eventually if damages are brought against them, these companies may even face liquidation