NetComposites
3M

Prices Increase

09 March 2001

Eastman Chemical Company announced a $0.02 per pound off-list price increase for all forms of Eastman NPG glycol in North America and Latin America, effective April 1, 2001. The company also announced a worldwide $0.045 per pound off-list price increase for Eastman purified isophthalic acid (PIA).

The company reports that manufacturing costs and raw material prices have increased significantly. This price increase is needed to begin moving margins toward reinvestment economics. Eastman NPG glycol, a resin intermediate, is a basic raw material used in the manufacturing of polyester resins for fiberglass reinforced plastics (FRP) marine and construction applications. PIA is a key ingredient in fiberglass reinforced plastics (FRP) markets for such products as marine, automotive, and corrosion resistant pipes and tanks.

Headquartered in Kingsport, Eastman manufactures and markets plastics, chemicals and fibers. The company has approximately 15,000 employees in 30 countries and had 2000 sales of $5.3 billion.






Related / You might like...

Composites Europe 2018 Highlights Contributions of Composites to Sport

Applications for composites in the sports and leisure sector will be showcased by various exhibitors at Composites Europe in Stuttgart, Germany, on 6-8 November.

80-Year-Old Massachusetts Bridge Gets FiberSPAN FRP Deck

The Massachusetts Department of Transportation (MassDOT) selected a lightweight FiberSPAN fibre reinforced polymer (FRP) bridge deck, manufactured by Composite Advantage, for the Rugg Bridge on Route 57.

Lightweight Technologies Forum in Parallel with Composites Europe 2018

The Lightweight Technologies Forum will take place in parallel to Composites Europe, on 6-8 November 2018 in Stuttgart, Germany.