FRANKFURT, Germany (October 2, 2020)
Dear Valued Customer,
Due to increasing costs of key raw materials, in particular, NeoPentylGlycol (“NPG”), as a consequence of tight supply and increasing feedstock, allnex will increase prices of its solid polyester resins for powder coatings in Europe, Middle East and Africa.
Increases of up to 0.08 EUR/kg, depending on the grade, will be effective as of 15th October 2020, or as contracts allow. allnex is committed to servicing and delivering value to its customers.
We thank you for your understanding, and your sales manager will contact you for more details.
Jean-Marc Bertens, Global Business Director Powder Coating Resins