Leading specialty chemicals company Perstorp will increase price for Cyclic Trimethylolpropane Formal (CTF) effective January 1 2015 or as existing contracts permit.
Effective January 1 2015, or as existing contracts permit, Perstorp will increase price for CTF. The price increase will be done as follows:
- Europe: 100 EUR/MT
- US, Canada & Mexico: 8 c/lb
- Asia/Pacific, South America, Middle East & Africa: 150 USD/MT
As demand surpasses availability a price increase is necessary in order to reach a reinvestment level where future market growth can be secured as well as sustaining high quality and service.