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PolymerLatex - Price Increase Announcement for All Products

Ngày đăng: 17/05/2011 04:35:59

PolymerLatex NewsLetter- Price Increase Announcement for All

Marl, 16.05.2011.

Our raw material costs continue to escalate at an alarming speed driven by rising feedstock prices and strengthening downstream demand, set against a background of virtually no investment in new capacity and supply subject to periodic disruption.

We regret that we have no option in the circumstances but to implement further increases in our selling prices across our product range. These will be particularly significant in butadiene and vinyl acetate derivatives where we are seeing rises in contract prices of 30-40% in only three months. Details of price increases will, as before, be communicated to our customers on an individual basis but will typically be in the range of 10% to 25% dependent on product type.

 

New selling prices will be effective 16 May or as soon as contracts allow.

Ian Anderson
Chief Commercial Officer

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