Effective June 1st or as contracts allow, DSM Coating Resins will increase prices in all regions for all its liquid Polyester Resins, Solid Thermoplastic Acrylic Beads and Urethanes both solvent and waterborne with significant amounts, depending on the dynamics of the specific raw materials.
The price increase affects the entire Coatings, Adhesives and Graphic Arts portfolio, including NeoCryl™ acrylic beads, NeoRez™ waterborne urethanes, NeoRez™, Uraflex™ and Solucote™ solvent borne urethanes, Uradil™ waterborne polyesters and Uralac™ solvent borne polyesters.
The increases are necessitated by the fact that prices for critical raw materials continue to rise significantly. This is in large part down to supply-demand imbalances caused by structural capacity constraints, soaring demand in certain value chains and outages driven by force majeures, such as the recent tsunami in Japan.
“Current raw material price rises continue to outpace our own mitigation efforts, meaning that margins at these products are now at unsustainable levels. By acting now to address this, we hope to ensure that we can continue focusing on our customers by delivering innovations and supply capabilities for the technologies of the future,” said Patrick Niels, Director, DSM Coating Resins.
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