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

Published on 2004-12-13. Author : SpecialChem

WILMINGTON, Del. -- DuPont Packaging & Industrial Polymers (P&IP) announced a price increase for all grades of DuPont™ 20's, Appeel®, Bynel®, Crystar®, Elvax®, Fusabond®, Elvaloy®, Nucrel® and Selar® specialty resins. These products are used in a variety of industries including packaging, construction, transportation and consumer goods. The price increase is for North America and is effective Jan. 1, 2005, or as customer contracts allow:

Appeel(R) and Bynel(R) adhesive resins
5 cents/lb
Fusabond(R) polymer modifiers
5 cents/lb
Nucrel(R) acid copolymer resins
7 cents/lb
Crystar(R) specialty PET resins,
DuPont™ 20 LDPE resins
10 cents/lb
Elvax(R) EVA, Elvaloy(R),
Elvaloy(R) AC acrylate copolymers
10 cents/lb
Selar(R) PA amorphous nylon resins
20 cents/lb
Selar(R) RB modified barrier resins
30 cents/lb

"We are committed to our customers and will continue to support their growing needs for ethylene copolymer resins that deliver the product innovation in the markets they serve," stated B. C. Chong, vice president DuPont Packaging & Industrial Polymers. "These specialty resin price increases are necessary due to the strong demand for high-pressure capacity polymers and the ongoing high costs of energy and key raw materials. The increases will also help assure our future ability to reliably supply and service our customers globally."

In addition to the product price increases, DuPont P&IP will reduce bulk shipping discounts for all products to more accurately reflect current transportation costs. Effective January 1, 2005, the hopper car discount will be 2.5 cents/lb. and the hopper truck discount will be 1.5 cents/lb., down from 4 cents/lb. and 2.5 cents/lb., respectively.

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.

The DuPont Oval, DuPont™, Appeel®, Bynel®, Crystar®, Elvax®, Elvaloy®, Fusabond®, Nucrel® and Selar® are registered trademarks or trademarks of DuPont or its affiliates.

Source: DuPont Packaging & Industrial Polymers


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