Scott Bader is increasing the prices from its European production sites of all Crystic® unsaturated polyester, DCPD, Crestapol® and Vinyl Ester resins, plus all gelcoats, pigments, bonding pastes and Crystic Crestomer® structural adhesive products by 130€/te. The new prices will be applied to all invoiced orders from Thursday 20th January 2011 onwards, subject to existing customer contracts.
This price rise is a necessary response to the ongoing increases in the costs of all key raw materials, such as styrene, anhydrides and glycols, whose prices started rising in October 2010 and have continued through Q4 2010. All forecasts indicate that these higher raw material prices will remain in place for the foreseeable future, with further increases expected in Q1 2010. The high price for crude oil, increasing demand from China and adverse winter weather in Europe are some of the factors behind these increases.
Malcolm Forsyth, European Commercial Director, Composites business division of Scott Bader commented: “We are doing all we can to minimise and absorb the impact of these significant raw material price rises. However, with the latest sharp increases and the forecast of more to come in Q1 2011, we can no longer absorb them alone. We must now pass on some of these extra costs to customers in order to maintain sustainable operating business margins.
Scott Bader continues to work in close partnership with our valued customers to maximize product and process efficiencies, where possible, to reduce the impact of these very necessary price increases.”
About Scott Bader
Scott Bader was established in 1921. Today it is a £180 million multinational chemical company, employing 560 people worldwide. It is a common trusteeship company, having no external shareholders, with a strong commitment to support its customers, workforce and the environment.
Scott Bader’s headquarters is based in the UK where they have purpose-built, state-of-the-art technical facilities that provide R & D as well as complete evaluation, testing and application support. They have manufacturing facilities in the UK, France, Croatia, The Middle East and South Africa.