06 May 2003 17:53 [Source: ICIS news]LONDON (CNI)--Funding by the European polyvinyl chloride (PVC) industry into sustainability initiatives rose 74% to Euro4.5m ($5.0m) last year, according to the third annual progress report published on Tuesday by Vinyl 2010.
Despite a difficult economic environment, Vinyl 2010 expects continued growth in activities and spending on sustainability initiatives during the current year.
Brussels-based Vinyl 2010 coordinates the European PVC industry's efforts to translate environmental commitments into firm projects. Its members include resin producers, converters and manufacturers of additives and plasticisers.
Its latest report showed a “substantial” increase in investment on waste management, research and development (R&D) and other sustainability projects during 2002.
Vinyl 2010 vice-chairman Joachim Eckstein said: ''We're now well into our fourth year of work as Vinyl 2010. Our commitment to achieving sustainability throughout the entire PVC lifecycle is stronger than ever before.''During the next few weeks, Vinyl 2010 is scheduled to set up a monitoring committee with members of the European Parliament (MEPs), officials of the European Commission (EC) and trade union representatives to independently evaluate the industry's progress.
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