Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 21-Jan-19

Soaring gas prices have led to polystyrene coffee cup maker Remapak placing itself in administration. Remapak general manager Adam Hope noted that its gas costs had risen by around 400 per cent over the last three years, and that it was spending as much as $120,000 every fortnight on gas. The Sydney-based Remapak has been making foam products for over 40 years, with as many as 60 jobs at risk because of its collapse. Weston Energy MD Garbis Simonian says there will be more business collapses in the future if east coast gas prices are not pushed down to more affordable levels.

CORPORATES
REMAPAK PTY LTD, WESTON ENERGY, WORRELLS SOLVENCY AND FORENSIC ACCOUNTANTS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, INCITEC PIVOT LIMITED – ASX IPL