VistaTek, along with the entire plastics industry, has seen its share of chaos in the first 2 quarters of 2021 due to hurricanes, a deep freeze in TX, a backlog on sea freight, domestic shipping delays and high resin demands. This is a perfect storm of a worldwide shortage in plastics.
Hurricane Harvey's Impact on the Plastics Supply Chain
For the injection molding industry, VistaTek has been notified by our resin suppliers that PP, and HDPE production has been suspended (Force Majeure Declaration) for the short term by INEOS, Formosa, LynodellBassel, and others due to Hurricane Harvey in Houston. Please stay tuned. This will most likely affect availability of these resins through the 3rd quarter.