LOW REACH COST
October 1st, 2004
BY KEITH NUTHALLA NEW study on proposed European Union (EU) chemical control scheme REACH has estimated its true cost to the sector and allied industries such as paints and coatings companies at just 0.06% of annual sales. Written by academics from Tufts University, Boston, USA, and commissioned by the Nordic Council of Ministers, the study says total direct costs from the current REACH proposals to Europe's chemicals industry would be around Euro 3.5 billion within 11 years. Furthermore, it adds that indirect costs, including for manufacturers using chemicals, ...
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