BERWYN, Pa— November 12, 2014 —Styron, a global materials company and manufacturer of plastics, latex and rubber, announced today it is increasing prices of all products sold into the carpet, paper, and performance latex markets in North America and Latin America. The increase will be US$0.03/dry lb. (0.033/wet kg) for all Styrene Butadiene and Acrylic latex products. This increase will be effective December 1, 2014 or as contract terms permit.
“Styron is investing considerable resources into developing new technologies for its Latex markets while continuing to focus on maintaining its high level of expertise and service.This price increase is being driven by increases in raw materials and higher transportation costs, which have resulted in margin erosion. We must implement this price increase to continue to provide the high quality of products and service our customers receive from Styron,” says Todd Crook, Styron Business Director, Americas Latex.
About Styron
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 $5.3 billion in revenue in 2013, with 19 manufacturing sites around the world, and approximately 2,100 employees. More information can be found at www.styron.com.
Legal Disclaimer
Any technical descriptions and product information provided in the above announcement are not legally binding. The quality, price and performance of our products will be specified in individual contracts with our customers. Unless otherwise explicitly agreed, the official product specification shall prevail in the form published from time to time.