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DuPont Packaging & Industrial Polymers Adjusts Resin Prices Due to Strong Market Demand and Energy Costs

Published on 2004-08-23. Author : SpecialChem


WILMINGTON, Del. -- DuPont Packaging & Industrial Polymers (P&IP) announced on 19th August 2004, a $0.05/lb. price increase for all grades of DuPont(TM) Appeel®, Bynel®, Elvaloy®, Elvaloy® AC, Fusabond®, and Nucrel® resins, sealants and adhesives. For all grades of DuPont(TM) Bexloy® W resins, the increase will be $0.15/lb. These price increases are for North America and are effective Sept. 1, 2004, or as customer contracts allow. DuPont said demand for high-pressure capacity polymers is strong and the continued escalation of energy and key raw materials costs necessitate this action. The current market conditions support a price increase, which is needed in order to sustain the long-term financial health of the business and continue to meet customers' current and future needs.

These DuPont products are used in the manufacture of packaging, hot melt adhesives, and a variety of applications in the automotive, construction, sporting and consumer goods industries.

The Packaging & Industrial Polymers strategic business unit is part of the DuPont Performance Materials platform, which had 2003 sales in excess of $5.4 billon. P&IP has manufacturing plants in the United States, Europe and Asia.

DuPont (NYSE: DD - News) is a science company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.

Source: DuPont

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