Industry News

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

Published on 2006-07-05. Author : SpecialChem

As of August 1, 2006, Degussa will raise the prices in Europe for all its DYNAPOL L, DYNAPOL LH, and VESTICOAT UB brand coating polyesters. The prices will be increased by 7 to 20 eurocents per kilo, depending on the specific product. This adjustment is necessary because of the extremely tight situation with regard to crucial raw materials. The prices for these materials, which have climbed sharply in the first half of the year as a result of an extreme shortage of certain monomers, are not expected to recover in the third quarter but continue to rise. To avoid an unacceptable economic situation over the next few months, we are forced to pass on the first half-year's higher monomer prices to our customers.

With its DYNAPOL LH, DYNAPOL L, and VESTICOAT UB grades, Degussa offers a broad range 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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