Rohm and Haas Co. said higher costs have prompted it to raise its own prices by up to 10 percent for products sold in the Asia-Pacific region to the adhesives, plastic additives, textiles, non-woven, graphic arts, paper and leather industries.
The increase of 10 percent for all tin-based heat stabilizers, and between 5 percent and 10 percent for all other products including acrylics and modified acrylics, styrenics and modified styrenics, polyurethanes, polyesters and complementary technologies, will take effect after Jan. 1, or as contracts allow, the Philadelphia-based chemical giant said.
It said tightening supply of feedstocks, rapidly rising feedstock costs, and continued increases in energy and freight costs are behind the increases.
Rohm and Haas had annual sales of $8.2 billion in 2006. Shares were up 14 cents to $56.65 in midday trading on the New York Stock Exchange.