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Armacell increases prices for PET foam product range

11 Jan '18

1 min read

Courtesy: Armacell

Armacell, has announced a global price rise of 5 per cent for its entire PET foam product portfolio, from February 1 this year. The background of this recent announcement is 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 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)

Fibre2Fashion News Desk – India