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Rohm and Haas Announces Price Increase for Binders and Additives in Architectural and Functional Coatings in Europe, Middle East and Africa

Published on 2006-06-05. Author : SpecialChem

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

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