SOLON, Ohio (Sept. 21)—Excel Polymers L.L.C. has added a 2.5-cents-per-pound surcharge to all products it makes in the U.S. and Mexico, effective today.
The surcharge will help offset rising energy costs and remain in effect as long as the situation warrants, the company said. It is subject to change at any time, the firm added, depending on changes in the market.
"The energy market is experiencing record prices which were intensified by Hurricane Katrina," said Vice President Dale Dodrill. "We expect these prices to worsen as we head into 2006. While we continuously seek productivity improvements, cost reduction opportunities and global sourcing options, we anticipate higher costs in the future."
Excel Polymers provides compounded high-performance elastomers, roll compounds and additives to the elastomer market. End use markets include automotive, industrial, construction, roller and others.