Rohm and Haas to raise prices
Due to the “persistently high” cost of raw materials, US-based producer of specialty chemicals for the leather industry Rohm and Haas Company will raise the prices of most of its chemical products by between 5% and 15%, effective November 1.
Commenting on the move, executive vice president in charge of Specialty Materials, Pierre Brondeau, said, “Earlier in the year, there were strong indications that raw material prices would peak around mid-year, and then trail off during the second half of 2007. Given these expectations, we did whatever we could to use internal controls to mitigate the impact of the cost increases to Rohm and Haas, and selectively sought price increases in extreme conditions. However, raw material prices have not come down. In fact, they have continued to increase and have remained persistently high, with no real relief expected in the near future.”
