Cologne, Germany, Monday April 4th, 2011 -- DuPont Performance Coatings announces today a price raise across all product lines of up to 20% and more for some specific products or customers in Europe, the Middle East and Africa. This increase will be applied for all coatings, and particularly to Industrial Liquid, Powder Coatings and the OEM automotive business. The price increase will be implemented in April 2011 and detailed customer communications will take place in the coming weeks.
This measure is linked to very large increases in prices of petrochemical derivatives and other basic commodities over the last 12 months, as well as developing markets increased consumption of these raw materials. This has created significant sustained increases in paint raw material costs, which are affecting the entire EMEA region across the DuPont Performance Coatings segments. DuPont Performance Coatings has implemented cost cutting programs to offset these higher costs, but those are
no longer allowing keeping pace with the continued raw materials and energy price increases.
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DuPont (www.dupont.com) is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 90 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
Contact:
DuPont CoatingSolutions, Markus Koenigs, Horbellerstrasse 15, 50858 Köln, Deutschland,
Telefon +49 2234 6019-3080, Markus.koenigs@deu.dupont.com, www.coatingsolutions.dupont.com
This measure is linked to very large increases in prices of petrochemical derivatives and other basic commodities over the last 12 months, as well as developing markets increased consumption of these raw materials. This has created significant sustained increases in paint raw material costs, which are affecting the entire EMEA region across the DuPont Performance Coatings segments. DuPont Performance Coatings has implemented cost cutting programs to offset these higher costs, but those are
no longer allowing keeping pace with the continued raw materials and energy price increases.
---
DuPont (www.dupont.com) is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 90 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
Contact:
DuPont CoatingSolutions, Markus Koenigs, Horbellerstrasse 15, 50858 Köln, Deutschland,
Telefon +49 2234 6019-3080, Markus.koenigs@deu.dupont.com, www.coatingsolutions.dupont.com
