Exclusive: Factories could have to slash production if energy costs remain elevated in the months ahead
The group of energy intensive industry bodies are set to lay out how even the largest companies with strong balance sheets are facing punitive costs to hedge their energy prices in the months ahead. It is no longer a matter of a handful of a few vulnerable businesses, two industry insiders told theThe impact of sustained highis so severe several companies are weighing temporarily closing operations in the weeks and months ahead.
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