30-Mar-2010 - INEOS NOVA International SA

INEOS NOVA announces price increase for GPPS and for HIPS

INEOS NOVA announced that prices for GPPS products will increase by +€ 90 Euro per/tonne and for HIPS (High Impact Polystyrene) by +€120 per/tonne in Europe, effective April 1st, 2010. The cost of raw materials for both products have risen sharply making the price increase necessary to restore margins back to a sustainable level.

According to the company, the expansion of the HIPS delta over GPPS is long overdue. The increased delta for HIPS is necessary to cover the substantial increases confirmed for Butadiene Rubber costs.

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