MOSCOW (MRC) -- Styron Europe GmbH and its affiliate companies in Europe have announced price increases for all polystyrene (PS) and copolymer grades, reported the company on its site.
Effective immediately, or as existing contract terms allow, the December contract and spot prices for the products listed below will increase as follows:
- STYRON general purpose polystyrene grades (GPPS), STYRON and STYRON A-TECH high impact polystyrene grades (HIPS) by EUR20/tonne;
- MAGNUM ABS resins and TYRIL SAN resins by EUR30/tonne.
As MRC reported earlier, Styron Europe increased prices for all PS, copolymer and expandable polystyrene (EPS) grades in September 2013, as follows:
- STYRON GPPS, STYRON and STYRON A-TECH HIPS by EUR110/tonne; MAGNUM ABS resins and TYRIL SAN resins by EUR90/tonne;
PS is a key strategic business for Styron and an industry it will continue to focus innovation efforts on to help their diversified customer-base remain competitive in the different markets they serve such as packaging, appliances, building and construction.
Styron is a leading global materials company and manufacturer of plastics, latex and rubber, dedicated to collaborating with customers to deliver innovative and sustainable solutions. Styron’s technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Styron had approximately USD 5.5 billion in revenue in 2012, with 20 manufacturing sites around the world, and 2100 employees.
MRC