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Degussa Raising Prices for Coating Polyesters under the Brand Names DYNAPOL L, LH, and VESTICOAT UB As of August 1, 2006

Published on 2006-06-29. Author : SpecialChem

Degussa will raise the prices of all its coating polyesters under the brand names DYNAPOL L, DYNAPOL LH, and VESTICOAT UB in Europe as of August 1, 2006, by 7 to 20 eurocents per kilo, depending on the specific product. The adjustment is necessary because of the extremely tight situation as regards crucial raw materials. The prices, which have climbed sharply in the first half of the year as a result of an extreme shortage of certain monomers, show no signs of rebounding in Q3. Indeed, they continue to rise. To avoid an undesirable business situation in the next few months, we cannot but pass on the first half year's higher prices for the monomers to our customers.

Degussa, with its DYNAPOL LH-, DYNAPOL L- and VESTICOAT UB grades, offers a broad spectrum of raw materials for the coatings industry, especially for coil coating and packaging applications.

Degussa is the global market leader in specialty chemicals. Our business is creating essentials-innovative products and system solutions that make indispensable contributions to our customers' success. In fiscal 2005 around 44,000 employees worldwide generated sales of 11.8 billion euros and operating profits (EBIT) of 940 million euros.

Source: Degussa


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