DENHAM, N.C. (Nov. 9, 2007) — Dow Reichhold Specialty Latex L.L.C. plans to hike prices for all specialty latex products by 5-8 percent, effective Jan. 1.
The increases will be implemented as customer or market contracts allow, the firm said. The hike is separate from an increase in prices of specialty polymers sold for the manufacture of gloves and does not apply to those products, Dow Reichhold said.
The company cited the continuing escalation in the cost of raw materials, energy, logistics and transportation, and the need to maintain margins that allow for reinvestment as reasons for the latest price boosts.