Industry News

DSM Coating Resins Announces Price Increases in Europe and Middle East for its Polyester Powder Coating Resins

Published on 2004-09-30. Author : SpecialChem

DSM Coating Resins' Gerben Algra, Global Business Manager Polyesters, announced that prices for its UralacTM range of Polyester Powder Coating Resins will increase by 12% as from October 20.

DSM with five polyester powder resin plants is a leading global supplier for Powder Coatings. Powder Coatings are used in architectural, domestic appliance, automotive and general industrial applications. These price increases are necessary due to the escalating cost of global feedstock, especially NPG and PTA, which have been in strong demand since January of this year.

Algra said: "Our recent price increases do not yet recover our increases in raw material costs. In addition, feedstock prices will continue to increase along with the strong demand. Despite cost cutting and optimisation in our business over recent years, declining margins means such raw material increases cannot continue to be absorbed by the resin suppliers."

Source: DSM

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