Degussa Announces Price Increase for Binders & Additives Methacrylate Resins
Nov 1, 2006
DARMSTADT -- The Binders & Additives (BD) Business Line (part of the Business Unit Specialty Acrylics of Degussa AG, Duesseldorf) will implement price increases up to 8 % in Europe and the Americas for its methacrylate-based resins, effective November 1st 2006, following the price increase already announced for Asia effective October 1st 2006. Degussa will fulfill existing contractual agreements.
The product lines affected are DEGALAN®, DEGACRYL®, DEGADUR®, DEGAROUTE® and ROHAGIT®. These products are currently used in a wide range of applications including marine & container coatings, printing inks, plastic coatings, architectural coatings, dental resins, plastisols, heat sealing, PVC modification as well as flooring and road marking systems.
Although BD has endeavored to optimize its supply chain and has made every possible effort to reduce costs over the past several months, further increases in raw material, transportation and energy prices can no longer be offset by BD. Degussa remains committed to supply its customers with highest quality products and service standards.
Degussa is the global market leader in specialty chemicals. Our business is creating essentials - innovative products and system solutions that make indispensable contributions to our customers' success. In fiscal 2005 around 44,000 employees worldwide generated sales of 11.8 billion euros and operating profits (EBIT) of 940 million euros.
