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Surface Specialties UCB Announces Price Increase for Powder Coating Polyester Resins in Europe

Published on 2004-12-03. Author : SpecialChem

Brussels -- Effective January 1st, 2005, Surface Specialties UCB will raise prices of its Crylcoat, Additol and Uvecoat polyester powder coating resins by 10% in Europe, the Middle East, and Africa.

This fourth increase since the beginning of 2004 is necessary to offset the relentless cost increase of primary raw materials, energy and freight. The increase is also needed to recover margin erosion as a result of the cost increases during the last 12 months.

The global supply/demand balance for some of the key raw materials used to produce polyester powder resin is tightening due to increased global demand especially in Asia. If availability of raw materials is constrained in 2005, Surface Specialties UCB may be forced to announce an allocation.

Surface Specialties UCB, as global leading supplier to the powder coating industry remains strongly committed to further develop this technology and to expand its field of application.

Surface Specialties UCB is a world leader in the development and manufacture of technically innovative products and solutions for surface applications. These specialties include resins, additives, and adhesives, and are sold into many markets, such as automotive, industrial, graphics, architecture, wood, textiles, tire, paper, marine, labels, packaging, tapes and medical.

UCB, headquartered in Brussels, Belgium, is a global pharmaceutical and specialty chemical company with 12,000 employees around the world.

Crylcoat, Uvecoat and Additol are registered trademarks of the Surface Specialties Group.

Source: Surface Specialties UCB


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