MOSCOW (MRC) -- Styron (Hong Kong) Limited, an affiliate of Styron, the global materials company and manufacturer of plastics, latex and rubber, and its affiliate companies in Asia Pacific have announced price increases for all polystyrene (PS) grades, reported the company on its site.
Effective immediately, or as existing contract terms allow, the prices for the products listed below will increase as follows:
- STYRON general purpose polystyrene grades (GPPS) - by USD30/tonne;
- STYRON and STYRON A-TECH high-impact polystyrene grades (HIPS) - by USD30/tonne.
"The price increase responds to the rising costs associated with the manufacturing of polystyrene grades in Asia Pacific," said Samer Al Jabi, Global Product Manager for Polystyrene.
As MRC wrote before, in July, Styron (Hong Kong) Limited and its affiliate companies in Asia Pacific increased prices for all polystyrene (PS) grades, as follows:
- STYRON general purpose polystyrene grades (GPPS) - by USD20tonne;
- STYRON and STYRON A-TECH high-impact polystyrene grades (HIPS) - by USD20/tonne.
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. Styron's 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