Raw materials to stabilise - Sherwin-Williams

19 October 2006 18:29  [Source: ICIS news]

HOUSTON (ICIS news)--Improved availability of raw materials such as titanium dioxide, latexes and polyethylene, coupled with declining crude oil and natural gas prices, will help stabilise raw material costs heading into 2007, the chief of Sherwin-Williams said on Thursday.

Chairman and chief executive Christopher Connor told investors that raw material cost increases were projected at 3-6% in the fourth quarter and 6-8% for all of 2006.

An industry-wide softening in paints and coatings demand should help to moderate raw materials costs, he said.

Sherwin-Williams will not publish a full guidance on 2007 raw materials costs until February of next year, but Connor said the company was cautiously optimistic that raw material costs would not increase as much as in 2006.

Cleveland, Ohio-based Sherwin-Williams makes and sells paint, coatings and related products to professional, industrial, commercial and retail customers.

By: David Barry
+1 713 525 2653

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