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DSM Coating Resins Announce Price Increases in Europe and Middle East for its Liquid Polyester Coating Resins

Published on 2004-11-30. Author : SpecialChem

Zwolle, The Netherlands -- DSM Coating Resins' Gerben Algra, Global Business Manager Polyesters, announced prices for its UralacTM range of Liquid Polyester Resins will increase by 6% for deliveries as from 1 January 2005.

DSM is a major European supplier of liquid polyester resin used as binders and additives in Industrial Coating systems for Can, Coil, Automotive and general industrial applications. These increases in the prices of resins are due to the continuing escalation in the cost of global feedstock such as NPG and PTA, fuel surcharges and high energy costs.

Algra adds: "We have accumulated significant extra costs through 2004 as we sought to dampen the immediate effect on our customers of this feedstock situation by delaying our own resulting price increases. Despite robust cost-cutting initiatives in recent years, declining margins for resins mean such extra costs cannot continue to be absorbed". Algra states some feedstock is becoming short and some remains tight.

Source: DSM Coating Resins

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