Proplastics faces margin pressure amid rising costs

PLASTIC and pipes manufacturer, Proplastics Limited (Proplastics), says its margins, normally between 15 and 20 percent, are being squeezed by a myriad hurdles, mainly rising operational costs.High production costs ravaging most companies in the country have undermined their competitiveness as they pass on the input cost burden to consumers.The group largely attributed the costs of…