MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics, latex and rubber, has announced that effective August 1, 2015 or as contract terms permit, the company is increasing the prices of all styrene butadiene products sold into the carpet, paper, and performance latex markets in North America, as per the company's press release.
The increase will be up to USD0.10/dry lb for all styrene butadiene latexes.
We must implement this price increase in order to offset the rising costs to manufacture and transport our products and to remain an innovative and reliable supplier.
As MRC informed previously, Trinseo had announced that effective May 15, 2015 or as contract terms permit, the company increased the prices of all products sold into the carpet, paper, and performance latex markets in North America and Latin America. The increase was up to USD0.10/dry lb (USD0.09/Wet Kg) for all styrene butadiene latex and up to USD0.06/dry lb (USD0.055/Wet Kg) for acrylic latex products.
Trinseo is a leading global materials company and manufacturer of plastics, latex and rubber, dedicated to collaborating with customers to deliver innovative and sustainable solutions. Trinseo’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. Trinseo had approximately USD5.1 billion in revenue in 2014, with 19 manufacturing sites around the world, and approximately 2,100 employees. Formerly known as Styron, Trinseo completed its renaming process in the first quarter of 2015.