Survey Shows REACH to Have Significant Impact on SMEs
LONDON - Results from a recent survey by the European Paint Federation, CEPE, confirm that REACH 2018 will have a significant impact on the British Coatings Federation’s (BCF) members’ ability to innovate and on their competitiveness.
The survey, completed by 65 SME (small and medium-sized enterprise) coatings manufacturers across Europe, confirms that 60 percent of SMEs expect to lose up to 10 raw materials in the run up to the REACH 2018 registration. The BCF has predicted many thousands of niche raw materials will be lost on purely economic grounds, with high registration costs meaning there is no return on investment for suppliers.