27 April 2010 12:37 [Source: ICIS news]
LONDON (ICIS news)--?xml:namespace>
Debt issuance costs and prepayment penalties associated with
“All of our businesses have been implementing significant price increases to offset these escalating [raw material] costs. Once raw materials stabilise, we expect our pricing to fully recover the cost increases,” O’Brien added.
Looking ahead O’Brien said that company was well positioned to take advantage of improving demand after eliminating more than $400m from its cost structure over the past two years.
“Once raw materials stabilise and our increased pricing recaptures these costs, the favourable impact of improving volumes on operating leverage should become much more evident,” he said.
($1 = €0.75)
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