The price increase of €70-90/tonne, dependent on product type, will be implemented by 1 October 2013 at latest, subject to existing customer contracts.
“As a consequence of various raw materials being in short supply and continued oil price pressure on downstream feed stocks, this has inevitably led to traders and producers increasing rates over the summer months, with additional increases confirmed for September," states Bob Garner, European Sales Manager for Scott Bader Composites Europe.