|
Frankfurt, Germany -- Rohm and Haas
announced a general price increase of 5% on binders and additives
for the architectural, industrial and construction markets, textile and
non wovens, paper, leather and graphic arts. The increase will take effect
on June 15, 2006 in Europe, Middle East and Africa, and as contracts allow.
Rohm and Haas has seen unprecedented price increases for crude oil and
feedstocks, and indications are that prices will remain elevated and volatile
in the near term.
"These sustained increases in crude oil have resulted in dramatic
cost increases of feedstocks such as propylene over the past 18 months.
This price increase has been implemented to recover some of the increases
delivered by raw material, energy and freight costs," Xavier Susterac,
Rohm and Haas' Europe General Manager for Architectural and Functional
Coatings said. "We are, and remain committed to our customers and
the coatings industry, and continue to invest in new technologies that
bring quality products and value to our customers."
About Rohm and Haas Coatings Group
Rohm and Haas, worldwide producer of specialty chemicals, is an $8 billion
company with more than 100 plants and research facilities in 25 countries.
The Coatings business group is the company's largest business unit,
manufacturing a wide range of acrylic, acrylic-styrene and vinyl-acrylic
binders, rheology modifiers, dispersants, opaque polymers, and other products
that are used in architectural and industrial paints, coatings and building
products, textiles, non wovens, paper, leather and graphic arts.
About Rohm and Haas Company
Leading the way since 1909, Rohm and Haas is a global pioneer in the
creation and development of innovative technologies and solutions for
the specialty materials industry. The company's technologies are
found in a wide range of markets including: Building and Construction,
Electronics, Food and Retail, Household and Personal Care, Industrial
Process, Packaging, Paper, Transportation and Water. Our innovative technologies
and solutions help to improve life everyday, around the world. Based in
Philadelphia, PA, the company generated annual sales of approximately
$8 billion in 2005.
Source: Rohm and Haas
|