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Andercol Announces Price Increases in Polymers Business

Andercol Announces Price Increases in Polymers Business2017.01.18

Andercol S.A has announced a price increase for all products invoiced on or after February 1, 2017. This price increase will be on short-oil alkyd resins by USD $0.06/kg, medium-oil alkyd resins by USD $0.05/kg, long-oil alkyd resins by USD $0.03/kg, polyols by USD $0.1/kg and thermoplastic acrylics by USD $0.11/kg. The pricing action is primarily driven by the increase in costs of key raw materials of the manufacturing process of these products.

Andercol S.A. is engaged in industrial coating, polyester, functional polymer, and food additive businesses. The company manufactures and commercializes paints, inks, chemicals, and additives for the construction industry; and thermosets, resins and gel coats, fiberglass, and complementary products for transportation, infrastructure, tailoring, construction, marine, consumer recreation, insulation, profile, and industrial coating sectors. It also provides dispersants, adhesives, emulsions, polyacrilates, and petroleum additives for textile and detergent industries worldwide. In addition, the company manufactures and commercializes food ingredients that include acidulants, such as fumaric acid and adipic acids; and hydrocolloids, including carrageens and xanthan gums for food and industrial sector firms in America and the Caribbean. It serves construction, industrial coating, ink, polyester, textile, adhesive, food, detergent, and other sectors. The company was founded in 1965 and is based in Medellín, Colombia with subsidiaries in Venezuela, Ecuador, Chile, Mexico, Colombia, and Brazil. Andercol S.A. operates as a subsidiary of Grupo Orbis S.A.

Source:coatingsworld.com

bloomberg.com

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