WALDKRAIBURG, Germany—Kraiburg TPE is increasing prices for thermoplastic elastomer compounds by an average of $223 per metric ton in the company's Europe, Middle East and Africa region.
The price increases are driven "by significant increasing raw material prices," according to a Feb. 9 press release from the German company.
The measures will take effect March 1 Kraiburg TPE said, adding that it would "promptly inform" its customers about the details.