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AOC to Increase Prices in Europe

18 August 2006

AOC will be making a price increase of € 50 to € 100 per metric ton, depending on specific product series, for resins shipped to European customers after 15 September, in addition to the previously announced 1 September increase.

""With oil prices now at record levels and expectations of further major increases, once again there is significant upward movement in the pricing of our major raw materials,"" says Stephen Olle, Managing Director, AOC International. ""In addition to escalating oil prices, we are seeing continuing shortages of some raw materials in Europe with no immediate relief in sight.""