Effective April 7, DSM NeoResins+ will increase prices in the North American region for waterborne, UV and solvent-borne resins by $0.06/lb., as existing contracts allow. The price increase affects the entire coating resins and graphic arts portfolio.

 

Chris Farrell, Commercial Director Americas DSM NeoResins+, explained, "This price action is necessary due to the rapid increase in our raw material basket. These steadily escalating high costs for raw materials, transportation and energy have outpaced our internal cost reduction efforts and continuous improvement processes.”

 

No short-term relief is expected as the situation in the global market for raw materials continues to escalate. Chris Farrell adds, “Further increases in raw materials and energy are expected in Q2 2008.”