Rohm and Haas, Announces Price Increase for Functional Polymers in Europe

Rohm and Haas Packaging and Building Materials business today announced a price increase for all of its functional polymer products sold in Europe, Central and Eastern Europe, Russia, Turkey, Middle East and Africa. This includes acrylic and styrene-acrylic emulsions, solution and solid-grade acrylic resins, vinyl-acetate based emulsions, and additives sold to the graphic arts, textile nonwoven, paper and packaging industries. The increases of 5 to 8 percent will be implemented effective on December 1, 2007, or as contracts allow.

These increases are necessitated by tightening supply of feedstock’s, rapidly rising feedstock costs, and continued increases in energy costs and freight costs.

Jonathan Hastings, Vice President and General Manager, Packaging and Building Materials, Europe, said, " We remain committed to our customers, to consistently provide the highest quality, innovative products they expect from Rohm and Haas. These increases are necessitated by persistently high costs of raw materials, energy and freight. To reduce the impact of these increases on our customers we continue to work to absorb these costs internally. However, the sheer magnitude of the costs requires that we pass a reasonable share along to our customers at this time.”