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DSM introduces price increases in North-, Middle and South America

Waalwijk, NL, 19 Jan 2011 00:00 CET

DSM NeoResins+ will introduce a price increase up to 0.07-0.12 $/lb, depending on the product, affecting the entire Coatings, Adhesives and Graphic Arts portfolio, including NeoCryl™ waterborne acrylics and acrylic beads, NeoPac™ waterborne urethane-acrylics, NeoRad™ UV products, NeoRez™ waterborne urethanes, NeoRez™, Uraflex™ and Solucote™ solvent borne urethanes, Uracron™ solvent borne acrylics, Uradil™ waterborne polyesters and alkyds and Uralac™ solvent borne polyesters and alkyds, as a result of the continued increasing costs of its raw materials. The price increase will be effective for shipments on or after February 1, 2011, or as contracts allow.

Steve Hartig, Business Unit Director DSM NeoResins+ comments: "Our raw material cost base keeps increasing sharply driven by many factors in the market place. These increases are outpacing our mitigation efforts making it necessary to compensate for the significant cost increase we face. We will continue to focus on our customers by bringing new innovations and technologies to the market and by investing in our supply capabilities for the technologies of the future.“

DSM NeoResins+ is a leading, committed, global supplier of innovative specialty resins, specialized in the development and manufacturing of resins for the coatings and graphic arts industries.

DSM NeoResins’ brand names NeoCryl, NeoRez, NeoPac, NeoRad, Hybrane, Uralac, Uracron, Urathix and Uradil are well-known throughout the industries world-wide. The company has manufacturing sites in USA, Spain, Germany, Netherlands, and China. DSM NeoResins+ is headquartered in the Netherlands.