PRLog (Press Release)– Apr 06, 2011– DuPont Performance Coatings announces today a price raise across all chevrolet 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 i corsa ncreases 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 chrysler 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 construc auto part tion; communications; and transportation. . For more information, visit the website http://www.coatingsolutions.dupont.com.
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