MOSCOW (MRC) -- Styron, the global materials company and manufacturer of plastics, latex and rubber, and its affiliate companies in Europe has announced price increases for all polystyrene (PS) and copolymer grades, as per the company's press release.
Effective immediately, or as existing contract terms allow, the April contract and spot prices for the products listed below will increase, as follows:
- STYRON general purpose polystyrene grades (GPPS), STYRON and STYRON A-TECH high impact polystyrene grades (HIPS) - by EUR35/tonne;
- MAGNUM ABS resins - by EUR35/tonne;
- TYRIL SAN resins - by EUR35/tonne.
As MRC reported earlier, Styron Europe GmbH and its affiliate companies in Europe last raised its prices for all PS and copolymer grades in February, as follows:
- STYRON general purpose polystyrene grades (GPPS), STYRON and STYRON A-TECH high impact polystyrene grades (HIPS) - by EUR40/tonne;
- MAGNUM ABS resins - by EUR50/tonne;
- TYRIL SAN resins - by EUR40/tonne.
PS is a key strategic business for Styron and an industry it will continue to focus innovation efforts on to help their diversified customer-base remain competitive in the different markets they serve such as packaging, appliances, building and construction.
Styron is a leading global materials company and manufacturer of plastics, latex and rubber, dedicated to collaborating with customers to deliver innovative and sustainable solutions. StyronпїЅs technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Styron had approximately USD5.3 billion in revenue in 2013, with 19 manufacturing sites around the world.
MRC