FREE MEMBERSHIP

Get your FREE Inside Composite membership

Sign me up!

8th January 2018, Thimister-Clermont

Armacell increases ArmaFORM PET prices

The decision to increase prices was primarily fuelled by increases in the costs of key raw materials and to a lesser extent by rising energy costs at the group’s PET foam manufacturing facilities in Belgium and Canada.Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, announced a global price increase of 5% for its entire PET foam product portfolio, from 1 Februray 2018.

The decision to increase prices was primarily fuelled by increases in the costs of key raw materials and to a lesser extent by rising energy costs at the group’s PET foam manufacturing facilities in Belgium and Canada.

“During the past year, price increases in the commodity market have led to a significant rise in our raw material costs. We have had to cope with a 20% price increase for one of the key additives in our ArmaFORM formula,” commented Thomas Kessel, Managing Director PET Foams. “Our basic feedstocks, MEG and PX, have risen by 5% percent in recent months.”

As Bart Janssen, Vice President Engineered Foams of the Armacell Group, explains: “Our response to changing market conditions enables us to continue providing innovative PET products of the customary high quality and delivering industry-leading support with its added value for our customers.”

www.armacell.com

www.armacell-core-foams.com

This article is also appears in...

Comments

Be the first to comment on Armacell increases ArmaFORM PET prices

|

Back to Top