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| 2008-01-09 |
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INEOS NOVA Announce Price Increases for Expandable Polystyrene (EPS)
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INEOS NOVA (www.ineos-nova.com) announced recently that they are increasing the price for expandable polystyrene (EPS) resins by €70/MT with immediate effect for January, and by a further €50/MT effective February 1st 2008. "Margins are at unsustainably low levels as a result of price decreases during Q4 2007", said Peter Ayrey, EPS Business Director. "We expect strong demand in January and February as many customers are rebuilding inventories which they depleted for year end. With significantly increasing feedstock costs, these price increases become even more necessary at this time." |
INEOS NOVA International SA, Fribourg, Switzerland
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