Iran conflict significantly increases Alternicq’s raw material costs.

Thimmiah Napanda, Managing Director & CEO, Alternicq, highlighted that the Iran conflict triggered a sharp increase in crude-linked resin prices, with PET and polypropylene costs rising by nearly 40%. Despite the volatility, Alternicq leveraged its long-standing relationships with domestic refiners to ensure supply continuity and minimise disruptions. The company worked closely with customers to manage the cost impact through calibrated price pass-throughs. Napanda noted that if geopolitical tensions ease, raw material prices could normalise over the next four to six months, bringing stability to the packaging value chain.

Indian plastic maker Alternicq says Iran war has pushed up costs