MOSCOW (MRC) -- Styron, a global materials company and manufacturer of plastics, latex and rubber, has announced that it is increasing prices of all products sold into the carpet, paper, and performance latex markets in North America and Latin America, reported the company on its site.
The increase will be USD0.03/dry lb. (0.033/wet kg) for all styrene butadiene and acrylic latex products. This increase will be effective December 1, 2014 or as contract terms permit.
"Styron is investing considerable resources into developing new technologies for its Latex markets while continuing to focus on maintaining its high level of expertise and service.This price increase is being driven by increases in raw materials and higher transportation costs, which have resulted in margin erosion. We must implement this price increase to continue to provide the high quality of products and service our customers receive from Styron," says Todd Crook, Styron Business Director, Americas Latex.
As MRC informed earlier, in early November 2014, Styron has implemented a price increase of EUR50 per dry metric ton for all styrene butadiene and acrylic latexes sold into the paper, carpet and performance markets in Europe, Middle East, Africa and India (EMEAI), reported the company on its site.
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, and approximately 2,100 employees.
MRC