MOSCOW (MRC) -- Styron, the global materials company and manufacturer of plastics, latex and rubber, 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 July 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 EUR100/tonne;
- MAGNUM ABS resins - by EUR65/tonne;
- TYRIL SAN resins - by EUR75/tonne.
The price increase responds to the rising costs of raw materials associated with the manufacturing of polystyrene and copolymers grades in Europe.
As MRC informed before, Styron and its affiliate companies in Europe raised May prices of all PS and copolymer grades as follows:
- STYRON general purpose polystyrene grades (GPPS), STYRON and STYRON A-TECH high impact polystyrene grades (HIPS) - by EUR35/tonne;
- MAGNUM ABS resins - by EUR35/tonne;
- TYRIL SAN resins - by EUR35/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. StyronпїЅs 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 USD5.3 billion in revenue in 2013, with 19 manufacturing sites around the world.
MRC