By Patrick Raleigh ERJ On-line news editor
Research Triangle Park, North Carolina-Dow Reichhold Specialty Latex is increasing the price of styrene-butadiene latex products in Asia Pacific by 5-10 percent per wet kilo with effect from 1 Sept. The hikes cover products used in the building and construction, adhesive, concrete and other speciality markets.
â€œThe price adjustment is needed to enable our company to maintain its pace of investment into technology development, facilities, and customer growth efforts,â€ said Heng Kent Him, commercial director for Dow Reichhold in Asia.
â€œThe continuing escalation in raw material costs has eroded product margins to the point where we can no longer absorb the increases,â€ he added in a 3 Aug company statement.
Research Triangle Park-based Dow Reichhold, is a 50:50 joint venture between Dow Chemical Co. and Reichhold Inc., a subsidiary of Dainippon Ink and Chemicals.