The price increase of €120/tonne will be applied to all invoiced orders by 14 March 2011, subject to existing customer contracts.
According to Scott Bader, this further price increase is in response to significant increases in the costs of all key composites-related raw materials in recent weeks. Based on the most recent forecasts and economic indicators, Scott Bader expects raw material prices to remain at these high levels, or increase further, during the second quarter of 2011. Further increases in crude oil, energy and other industrial raw material prices are also considered likely.
Scott Bader is headquartered in the UK.