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Rohm and Haas Powder Coatings Announces Global Price Increases

Published on 2004-11-09. Author : SpecialChem

Philadelphia, PA -- Rohm and Haas Powder Coatings is increasing prices for polyester, epoxy and hybrid-based powder coatings to all end market segments, due to the continuation of unprecedented increases in the cost of raw material feedstocks.

The increases will be 6 percent for polyester-based products, 8 percent for epoxy-polyester based products, and 12 percent for epoxy-based products, effective January 1st 2005.

"Current external market factors affecting our supply chain necessitate these drastic actions; we cannot withstand these increases any longer," said M. Reggie Horne, vice president and Director of Rohm and Haas Powder Coatings. "We are doing everything we can to minimize the impact to our customers by leveraging our global supply position and strong purchasing power to support the portfolio."

Rohm and Haas Powder Coatings previously announced a price increase on all products on July 10 2004.

About Rohm and Haas Company

Rohm and Haas is a worldwide producer of specialty materials, with more than 100 plants and research facilities in 27 countries and company sales of approximately $7 billion in 2004. Its chemistry is found today in personal care, health care, grocery, home and construction markets, in the power and electronics industry and thousands of everyday products.

About Rohm and Haas Powder Coatings

Rohm and Haas Powder Coatings consistently brings innovative technology and service to the global marketplace. The breadth of its product lines, the quality of its people, and an unparalleled ability to serve customers regardless of geography provides a world of possibilities to the marketplace.

Source: Rohm and Haas

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