Ashland Inc. to increase gelcoat and derivatives prices for EMEA
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Ashland Performance Materials, a commercial unit of Ashland Inc., is increasing the prices of its gelcoats and derivatives portfolio sold in Europe, the Middle East and Africa (EMEA) by 100 euros per ton effective July 1, 2011, or at the earliest possible time depending on individual customer contracts. This is the fourth price increase since January 2011.
The pricing action is primarily driven by the continued rapid escalation in costs for key raw materials and utilities at Ashland’s manufacturing units. Responding to changing market conditions allows Ashland to continue to provide innovative products and industry-leading support that add value for customers.