Armacell increases prices for PET foam product range

"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 per cent price increase for one of the key additives in our ArmaFORM formula," said Thomas Kessel, managing director PET Foams. "Our basic feedstocks, MEG and PX, have risen by 5 per cent in recent months."

"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," explained Bart Janssen, vice president, engineered foams of the Armacell Group. (RR)

ALCHEMPro News Desk – India