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Scott Bader to Hike Prices by a Further 100€/te for Crystic® Gelcoats & Pigments Range

Published on 2011-09-09. Author : SpecialChem

Effective from September 19th 2011, Scott Bader is increasing prices by a further 100€/te for its range of Crystic® gelcoats and pigments.

These new prices will be applied to all invoiced orders from this date, subject to existing customer contracts. This is an additional increase to the last price rise announced in July for gelcoats and pigments, which was implemented in August of this year. This latest further price rise is in response to significant additional increases in the costs of key gelcoat and pigment related raw materials, especially titanium dioxide whose cost has risen dramatically in recent weeks.

Based on current independent forecasts, Scott Bader expects gelcoat and pigments raw material prices to remain at these higher levels for the foreseeable future. This is due to ongoing global supply shortages and strong demand. Scott Bader does not rule out the possibility of further price increases being necessary if continued upward movements in oil, energy and raw material prices occur. Scott Bader continues to work very closely with its customers to reduce the overall impact of these necessary price increases for the long term sustainability of its business. It actively looks to help customers maximize product and process efficiencies through technically-led partnership projects.

About Scott Bader

Scott Bader was established in 1921. Today it is a £180 million multinational chemical company, employing 560 people worldwide. It is a common trusteeship company, having no external shareholders, with a strong commitment to support its customers, workforce and the environment. Scott Bader's headquarters is based in the UK where they have purpose-built, state-of-the-art technical facilities that provide R & D as well as complete evaluation, testing and application support. They have manufacturing facilities in the UK, France, Croatia, The Middle East and South Africa.

Source: Scott Bader

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