Ashland announced it will increase the price of its portfolio of all composites products in India by 100 US$ per ton. This price increase, which is in addition to the previous increase announced January 3, 2019, will take effect on February 7, 2019, or as soon as possible thereafter as contracts allow.
This increase is primarily driven by continued escalation of costs of key raw materials, in particular Styrene Monomer. Ashland continues to make these decisions with the intent to ensure we are servicing our customers with the utmost quality and performance and the ability to continue reinvesting in our product line.
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