Ticona increases prices for polymers

Further rise in raw materials, energy and freight costs

Effective from October 17, 2005, Ticona (www.ticona.com), the technical polymers business of Celanese Corporation, is increasing the prices of polyacetal, polyester products (PET, PBT, blends, and elastomers), and long-glass-fiber-reinforced thermoplastics. The company is reacting to the sharp rise of raw materials prices on the world market within the past few weeks, as well as the further shortage of preliminary products. Amongst other factors, the continuously high costs for fuel have also led to an increase in freight rates.

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Over the past few years, the price of some intermediates and raw materials has more than doubled, and just in recent months there has been yet another considerable increase. As a consequence of the increasing prices of raw materials the costs for transport are also increasing globally. “Energy costs continuously climb, too”, explains Michael Oberste-Wilms, Head of Sales Europe at Ticona.

“Within the past few months we have been discussing with many clients and suppliers the sustainability of higher raw materials and energy costs, which have increased steadily since end of 2004. Today, we have to accept that we are far away from normalisation. Despite great efforts, we are no longer able to compensate for the increasing pressure on costs by an increase in productivity alone.”

With effect from October 17, 2005 the prices are being raised as follows:

Hostaform® (POM): 150 €/t

Celanex® (PBT): 200 €/t

Impet® (PET): 200 €/t

Vandar® (thermoplastic polyester blends): 200 €/t

Riteflex® (TPE-E): 200 €/t

Celstran® (LFT): 150 €/t

Compel® (LFT): 150 €/t

Ticona GmbH, Kelsterbach