DSM RAISES PRICE OF POWDER AND LIQUID POLYESTER COATING RESINS

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DSM RAISES PRICE OF POWDER AND LIQUID POLYESTER COATING RESINS
17 December 2004 - DSM Coating Resins

DSM Coating Resins has announced that it is increasing the price of its Uralac range of polyester coating resins.

Powder and liquid polyester resins will increase by US$0.10/lb for all orders shipped on or after 1 February 2005, or as otherwise permitted by the terms and conditions of customer contracts.

Powder coatings are used in architectural, domestic appliance, automotive and general industrial applications. Liquid polyester resins are used as binders and additives in industrial coating systems for can, coil, automotive and general industrial applications.

The company says the need for these further price increases is because of the continuing escalation in the cost of global feedstock such as NPG and PTA, high energy costs and fuel surcharges. Strong global demand is responsible for feedstock's back-to-back price hikes through 2004 and into 2005.

As some feedstock types become short and others are at risk of becoming short, Gerben Algra, DSM Coating Resins’ Global Business Manager, Polyesters, added: 'With each cost-hike in feedstock during 2004 we made considerable efforts to absorb some of the impact by delaying our own consequential price increases. As a result, we have accumulated significant extra costs through 2004 which we are unable to extend further.'

http://www.dsm.com/en_US/html/dcr/home.htm

About: DSM Coating Resins
DSM Coating Resins is one of the business groups making up DSM’s Performance Materials cluster. It specializes in the development, manufacture and sale of resins for coating systems. It is a global supplier of polyester resins for powder coatings, can coatings and coil coatings. The company also plays an important role as a resins supplier to the decorative coatings market, protective and maintenance coatings market, and industrial coatings markets. DSM Coating Resins has production sites in many countries in Europe, North America and Asia.

DSM's activities are grouped into three clusters: Life Science Products, Performance Materials and Industrial Chemicals. DSM Nutritional Products will remain a seperate entity for the time being. The group has annual sales (pro forma, including the recent acquisition - renamed DSM Nutritional Products) of approximately EUR 8 billion and employs in the region of 25 000 people around the world. Its headquarters are based in The Netherlands.

More News:
  • For December 2004
  • From DSM Coating Resins
  • For Powder Coatings