Industry News

DSM NeoResins+ to Increase Prices for Waterborne, UV and Solvent Borne Resins in North America

Published on 2008-03-24. Author : SpecialChem

Effective April 7, DSM NeoResins+ will increase prices in the North American region for Waterborne, UV and Solvent borne resins with $0.06/lb, as existing contracts allow. The price increase affects the entire Coating Resins and Graphic Arts portfolio. Chris Farrell, Commercial Director Americas DSM NeoResins+ explains; "This price action is necessary due to the rapid increase in our raw material basket. These steadily escalating high costs for raw materials, transportation and energy have outpaced our internal cost reduction efforts and continuous improvement processes". No short term relief is expected as the situation in the global markets for raw materials continue to escalate. Chris Farrell adds: "Further increases in raw materials and energy are expected in Q2 2008".

About DSM NeoResins:

DSM NeoResins+ is a leading, committed, global supplier of innovative specialty resins, specialized in the development and manufacturing of resins for the coatings and graphic arts industries. DSM NeoResins' existing brand names Haloflex®, Halwedrol®, NeoCryl®, NeoRez®, NeoPac®, NeoRad®, Uracron®, Uradil® and Uralac® are well-known throughout the industries world-wide. The company has manufacturing sites in USA, Spain, Germany, Netherlands, and in China. DSM NeoResins+ is headquartered in the Netherlands.

Source: DSM NeoResins

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