Degussa announces price increase for Coating Polyesters in Europe
Degussa announced a price increase of 0,09 EUR/ kg for its DYNAPOL LH/LS product range, 0,15 EUR/ kg for its VESTICOAT UB range and 0,05 EUR/ kg for the DYNPOL L product range. It will be effective for orders shipped on or after February 15th 2007 or as running contracts allow.
"Since beginning of 2004 the entire coating polyester industry experienced a series of unprecedented raw material price hikes", Thomas Wildt, head of Degussas Business Line Polyesters and Adhesive Resins, explained for some raw materials this trend still continues.
"There was an extremely high demand for Polyester Resins in the marketplace in 2006 which continues in the beginning of 2007. While Degussa certainly welcomes this volume, the profitability has been severely eroded due to the cost pressure associated with the raw material development", Thomas Wildt commented.
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