|
Rohm and Haas to Raise Prices |
|
|
|
Written by Administrator
|
|
Monday, 22 October 2007 |
PHILADELPHIA – Rohm and Haas Co. will raise prices on most of its chemical products, effective Nov. 1. Increases will range from five to 15%, the company said today.
The company blamed higher raw material costs for the increases.
"The costs of key raw materials – such as propylene, ethylene, methanol, as well as other raw materials like tin – have remained persistently high," said Pierre Brondeau, executive vice president in charge of specialty materials. "Earlier in the year, there were strong indications that raw material prices would peak around mid-year, and then trail off during the second half of 2007. However, raw material prices have not come down. In fact, they have continued to increase. To date, these increases have added more than $100 million to our raw material costs in total.”
|
Comments
You are not authorized to leave comments. Please login first.
News 