Industry News

Degussa to Increase Prices of DYNAPOL LH and VESTICOAT UB Brands of Liquid Coating Polyesters Beginning May 1, 2006

Published on 2006-04-13. Author : SpecialChem

Effective May 1, 2006, Degussa will be increasing the prices of its DYNAPOL LH and VESTICOAT UB brands of liquid coating polyesters by 3 percent in Europe. This adjustment is necessitated by the raw materials situation, which continues to remain extremely tense. The significant relaxation expected in the area of petrochemical raw materials, and of solvents in particular, did not occur in the first quarter of 2006. In addition, raw materials prices will again rise significantly in the second quarter. Specific increases due to greatly reduced availability of monomers such as isophthalic acid are not being taken into consideration here, because these are currently assumed to be no more than short-term shortages.

In its DYNAPOL LH grades Degussa offers a wide spectrum of raw materials for the coatings industry, in particular 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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