VILLEJUST, France (April 14, 2010)—Eliokem S.A.S. has raised prices for its Wingstay L antioxidant and Pliocord VP latex because of a major increase in raw material costs.
The company said it boosted prices on April 1 for Wingstay L by 10 percent instead of the previously announced 6 percent. The company said the increase is needed to offset the ongoing escalation of raw material costs, especially p-cresol and DCPD as well as transportation and energy expenses.
Prices for Pliocord VP latex jumped 15 percent instead of the previously announced 6 percent, Eliokem said. It blamed butadiene price increases for its price hike.