Some plastics processors in Kenya plan to skip next week's K trade show in Dusseldorf, Germany, in part because of high taxes on plastics. That's the story from Nairobi's Business Daily, according to this report from allAfrica.com.
Hit by hefty taxes and stringent production standards, several Kenyan plastic makers have pulled out of the world's biggest plastics and rubber fair, which begins in Dusseldorf ,Germany, on Wednesday. They say even if they learn new plastic manufacturing technologies in Germany they can not implement them in Kenya because the cost of producing plastics has gone up by 120 per cent following the passing of the Finance Bill on Tuesday.Not all the Kenyans are skipping the show. The story quotes Parit Shah, managing director of Silpack Industries Ltd., saying he will go to the show anyway, not only to see new technology but to learn more about how companies in other countries are dealing with environmental issues. That sounds like a better way to deal with the threat. I hope he finds what he's looking for.