Effective July 1, 2018 and attributable to continued raw material price escalation, allnex will increase prices across our portfolio of Crosslinking resins in the Americas region. This price increase applies to all products sold under the Phenodur®, Aerotex®, Cycat®, Cymel®, Cyrez®, Etermino®, and Setamine® trademarks. Depending on the grade and the product family, both list and off-list prices will be increased up to $0.05/kg. The announced changes will be applicable on all shipments as of July 1, 2018, or as contracts permit.
In addition and due to escalating costs associated with securing truck carrier capacity, allnex will increase Freight Adders for shipments in the U.S. and Canada. Effective July 1, 2018, the freight adder for allnex-arranged truck orders will increase up to $0.04/kg. Freight collect shipments will be exempt from the freight adder increase.