MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics, latex and rubber, has announced a price increase for all products sold into the carpet, paper, and performance latex markets in Latin America, reported the company on its site.
The increase will be 15% for all styrene butadiene and acrylic latex products, effective December 1, 2015 or as contract terms permit.
"Trinseo is investing considerable resources into developing new technologies for its Latex markets globally, while continuing to deliver high quaility products, maintain our high level of technology leadership expertise and customer service.This price increase is being driven by a rise in raw materials, higher utility costs, Brazilian inflation and the decline of Brazilian currency," said Max Yoshioka, Brazil Latex and Plastics Leader, Trinseo.
As MRC informed before, effective on November 1, 2015, Trinseo raised prices for all paper latex products in Indonesia. PT Trinseo Materials Indonesia increased the price of paper latex products by USUSD150 per dry metric ton. The price increase was necessary to support the sustainable operations and to respond to the rising costs associated with manufacturing and raw materials in Indonesia.
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. TrinseoпїЅs 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.