PIE - News-Ticker on Plasteurope.com

Songwon: Global price hike for plastic additives

Polymer additives manufacturer Songwon (Europe: Frauenfeld / Switzerland; www.songwonind.com) has communicated a 5-15% global price increase for all its "Songnox” antioxidants, the "Songlight” and "Songsorb” UV stabilisers, Songstab acid scavengers as well as the group's range of aminic antioxidants. The rise will go into effect on 1 April 2010.

Explaining the hike, Maurizio Butti, CEO of Songwon International, said the group was no longer able to absorb rising raw material and freight costs.

More news on Plasteurope.com...