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Jotun Powder Coatings Announces a Price Increase

Published on 2004-09-07. Author : SpecialChem

Due to the recent substantial escalation in raw materials' prices, owing to a rise in feedstock prices, and oil, energy, and transportation cost, Jotun Powder Coatings is announcing an additional price increase on all their Polyester, Epoxy, and Hybrid-based products sold to the decorative and functional market segments in all markets.

In the Middle East and South East Asia markets, the increase will be up to:

  • 9 per cent for Polyester-based products,
  • 10 per cent for Epoxy-Polyester Hybrid-based products, and
  • 17 per cent for Epoxy-based products.

In Europe, the increase will be up to :

  • 4 per cent for Polyester-based products,
  • 7 per cent for Epoxy-Polyester Hybrid-based products, and
  • 12 per cent for Epoxy-based products.

The price increase will apply to all deliveries as per October 01, 2004.

Jotun Powder Coatings has previously announced a price increase on Polyester and Hybrid-based products in April 2004.

Source: Jotun Powder Coatings


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