Benzene rise causes plastics price hike
Quadrant Engineering Plastics Products (EPP) is set to increase its prices by up to 12%, depending on the product line, for cast, compression-moulded and extruded stock shapes this year.
Quadrant Engineering Plastics Products (EPP) is set to increase its prices by up to 12%, depending on the product line, for cast, compression-moulded and extruded stock shapes this year.
The increases apply to pricing in Europe and will take effect from 1st March 2005.
This decision is a direct result of the significant increases which Quadrant EPP has incurred in raw material, energy and transportation costs.
In particular, the escalating cost of benzene, the main feedstock of most engineering plastics, has been a primary cause of these price increases.
Although Quadrant EPP operates a company wide programme of continuous improvements and regularly implements new measures to improve productivity which help contain costs, the new price increases have been unavoidable given the substantial increases in materials and production related costs.
Quadrant does not foresee any relaxation of this cost situation in the near future.
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