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National Adhesives Raising Prices Due to Continued Raw Material Increases

Published on 2005-10-27. Author : SpecialChem

EUROPE -- National Adhesives, a division of National Starch & Chemical has announced a broad based price increase on all of its adhesive product lines across Europe, effective November 1st, 2005.

Percentages will vary depending on technology. The increase is directly related to the sustained and dramatic rise in adhesive raw material costs. Robust global demand, specific capacity restraints in certain primary chemicals and resins, and the price of crude and natural gas continue to drive raw material prices upward. In announcing the price increase Steve Kenny, Vice President for National Adhesives Europe made the following comment, "Our raw material cost base has risen dramatically over the last 18 months.

We have absorbed the bulk of these increases over this period on the expectation that stability would return to our raw material markets. Unfortunately this has not turned out to be the case and the outlook for raw material costs going forward remains extremely challenging. Consequently we have been left with no choice but to pass these increases on in our own prices. We fully appreciate that this will be unwelcome news for our customers and are cognisant of the fact that trading conditions in a number of the markets we supply are difficult. It is regrettable that we have to take this action however in the current climate we have no alternative."

National Adhesives is a unit of National Starch and Chemical Company, which had worldwide sales of $3.05 billion in 2003. National Starches' products are based on polyurethane, acrylic, rubber, ethylene vinyl acetate, epoxy, polyvinyl acetate and starch and dextrin chemistries. National Starch and Chemical Company has its headquarters in Bridgewater, N.J., and is a member of the ICI Group.

Source: National Starch and Chemical Company


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