Michelman Raises Prices of Paper Coatings
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Michelman, Cincinnati, Ohio, USA, this week announced a price increase on paper coatings in the Americas region, effective April 5. The typical increase is 10% and affects all Michelman barrier, functional, and appearance coatings. The actual increase varies depending on grade. Michelman attributes the increase to rising raw material costs.
According to Mr. Bob Poletti, Michelman's VP-Paper Business Unit, "raw material prices have been driven up as a result of increased competition for specialty polymers and chemicals across many industries. To ensure an uninterrupted supply of coatings, we have had to pay a premium for these raw materials, forcing us to raise our prices a modest amount. In spite of this increase, we are committed to offering our customers world-class products and services at the most competitive prices possible."
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