The price of all products in the portfolio will be increased by $0.04/lb. to $0.06/lb.
Smyrna, Georgia – October 9, 2013 – Allnex announced today that due to the increase in raw material costs, we are forced to raise the cost of the entire portfolio of Powder Coating Resins (PCR) sold in the Americas, which includes the PCR CRYLCOAT®, ADDITOL® and MODAFLOW® products. We have avoided raising our prices for as long as possible, but we can no longer prolong the inevitable.
The price of all products in the portfolio will be increased by $0.04/lb. to $0.06/lb. The adjustment will be effective for all shipments as of October 15, 2013, or as contract terms permit, and is in addition to any previously announced price adjustment.
Allnex is committed to servicing and delivering value to our customers. We wish to thank you for your valued account, and thank you in advance for your understanding.
About Allnex – www.allnex.com
A global company with $1.5 billion in sales, Allnex is a leading supplier of resins for architectural, industrial, OEM and special purpose coatings. We are recognized as a specialty chemicals pioneer and known for our professionalism and for offering the broadest portfolio of high quality, innovative liquid resins and additives, radiation cured and powder coating resins, and crosslinkers for use on wood, metal, plastic, and other surfaces. With manufacturing facilities and research and technology support centers located throughout the world, we also provide responsive, local support to our customers, helping them to rapidly bring advanced coating solutions to the market.