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Akzo Nobel Resins Announces Price Increase for Resins in North America

Published on 2004-06-04. Author : SpecialChem

Akzo Nobel Resins, Louisville KY, announced a price increase for all Coating Resins sold in North America, to be effective July 15, 2004. The increases range from $.03 to $.06/lb across all product lines and are the result of continued, unprecedented raw material cost increases.

After record setting cost increases in 2003, resin raw material costs continue to defy gravity in 2004. These raw material cost increases are being driven primarily by high crude and natural gas prices, however, other factors including Asian demand, soybean oil, energy, transportation and steel cost increases are further aggravating the situation.

Source: Akzo Nobel Resins

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