The price increase of €110/tonne will be implemented from 29 October 2012, subject to existing customer contracts.
“This second price increase has been forced upon us, since the price increase implemented back in in September of €75/tonne has proved insufficient to cover the recent significant escalation in raw material costs, which manufacturers cannot absorb," says Bob Garner, European Sales Manager for Scott Bader Composites Europe.
- Scott Bader's price increase follows similar announcements by competitive resin suppliers.