Another major player has announced price increases on it’s coating products range of up to 20% due to the significant and continuous raw material cost rises throughout 2017 and early 2018.
Jotun Powder Coatings VP Ram Ramnath announced that the increase would be effective immediately claiming the continuous rise of raw materials, specifically epoxies and pigments, had left the company with no other options. This announcement by Jotun follows price increases from other big suppliers of coating products such as Ascend Performance Materials and PPG over the last six months. Click here to read the full article from Coatings World
Safinah regularly works with raw material suppliers to identify opportunities for high added value product development and provide guidance on market potential and technology opportunities through our understanding of end user needs and the product development and testing process at major paint companies.
The market is very receptive to new ideas as a result of these ongoing price increases and Safinah is well placed to assist in your product development portfolio.