Rohm and Haas to tack on raw material surcharge

30 April 2008 22:49  [Source: ICIS news]

HOUSTON (ICIS news)--US specialty-chemicals producer Rohm and Haas will apply an energy and raw material surcharge to specialty materials beginning on Thursday, a company spokeswoman said on Wednesday.

The 1 May surcharge will be based on cost changes for crude oil, natural gas, ethanol, acetaldehyde, styrene, butadiene, propylene, tin, acetone, butanol, methanol, vinyl acetate monomer and ammonia, according to Laura Hadden, spokeswoman for Rohm and Haas specialty materials.

The company's specialty materials group comprises three business units and represents the majority of the company’s chemical business.

Profits in those three groups were down in the first quarter due to higher raw material costs, according to the company's recent earnings release.

The surcharge will be applied to products shipped in North America, effective 1 May; shipments to Latin America, Western Europe, the Middle East and Africa no later than 7 May; and to Central and Eastern Europe and Turkey no later than 15 May, the company said.

Customers are being notified as to how the index will apply to their purchases, Rohm and Haas said in a release.

By: Lane Kelley
+1 713 525 2653

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