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Synthesia to Increase Prices on Performance Pigments for plastics
Faced with continued increases in the costs of raw materials and volatility in the global supply chain, Synthesia, a.s. Performance Pigments will raise global prices on performance pigments for plastics by up to 12 percent.
Synthesia assures business partners that the company will seeks possibilities of cost reduction and not to transfer any price increasing of raw materials and energy to them. This increasing applies with immediate effect or as existing contracts allow.
Synthesia regrets needing to take this action, but as is occurring in virtually every industry today, current market conditions company adjusts prices. The company continues to look for cost reduction and productivity gains to offset the rising costs. Synthesia will continue to monitor the situation.
Synthesia, a.s. is a leading European manufacturer of specialty chemicals. The company has 90 years on the world market successfully presenting their development and production of the highest quality products. Synthesia, a.s. according to its production program is divided into three strategic business units (SBU): Pigments and Dyes, Nitrocellulose and Organic chemistry.
The company distributes products to the paints and inks, dyes for textile, paper and leather industries. It also manufactures military and industrial nitrocellulose, oxycellulose and many organic chemicals. Synthesia, a.s. production is intended primarily for export to developed markets in Europe and overseas, where it is going more than three-quarters of its production.
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