RWI says raw materials bill is up by 40 percent

ERJ staff report (DS)

Dubai, UAE -- Global prices of chemical materials and rubber have increased by 35 to 40 per cent over the last six months, now reaching USD 1,600 to USD 2,800 per metric ton, said Rubber World Industries (RWI), a manufacturer of closed-cell rubber insulation in the Gulf region and South-East Asia.

TWI said it aims to maintain selling prices by increasing capacity by 25 percent this year. RWI's efforts to reinforce its manufacturing capacity is aimed at catering to the bigger demand and at the same time achieving greater economies of scale, which will enable it to offer its products at their current prices. The company's plan to increase production this year is part of a broader strategy to produce 3,600 containers per year by 2013, for which it has invested AED 30 million.

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Press release from source