Rohm and Haas Company Announces Acrylic Price Increases for Paint and Coatings Materials in North America
Posted on: Wednesday, 19 December 2007, 09:00 CST
Rohm and Haas's (NYSE:ROH) Paint and Coatings Materials business announced today that it will implement price increases for all acrylic emulsions, styrene-containing polymers, and additives sold to the architectural coatings, industrial coatings, construction and building products, floor care, traffic markings, roof coatings, textiles and high-performance nonwovens industries in North America. The increase of $0.04 (four cents) per wet pound for emulsions and additives will take effect immediately or as contracts allow.
The increase is required to offset the continuing escalation in all major petrochemical feedstocks costs, especially propylene, acetone, methanol, and ammonia, which have all reached record levels.
About Rohm and Haas Company
Leading the way since 1909, Rohm and Haas is a global pioneer in the creation and development of innovative technologies and solutions for the specialty materials industry. The company's technologies are found in a wide range of industries including: Building and Construction, Electronics and Electronic Devices, Household Goods and Personal Care, Packaging and Paper, Transportation, Pharmaceutical and Medical, Water, Food and Food Related, and Industrial Process. Innovative Rohm and Haas technologies and solutions help to improve life everyday, around the world. Based in Philadelphia, PA, the company generated annual sales of approximately $8.2 billion in 2006. Visit www.rohmhaas.com for more information. imagine the possibilities™
Source: Business Wire
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