Global Price Increase for MAPRENAL®, RESIMENE® and MADURIT®
INEOS Melamines is announcing a global price increase on all Melamine Formaldehyde resins effective May 1, 2013 or as contracts allow.
This is driven by significant increases in key raw material costs over the last several quarters. This increasing raw material cost trend is expected to continue through Q2, making it more urgent to recover the increased costs that we have already realized.
The respective increases will vary by region to reflect the raw material moves at our manufacturing sites at Frankfurt/Germany, Springfield (MA)/USA and Surabaya/Indonesia.
We will contact our customers in the near future regarding specific price changes.