Dow Reichhold Specialty Latex has Announced a Worldwide Price Increase for Nitrile Latex

There is still no sign of easing of the oil price in the medium to long term. Owing to the continuing escalation in raw material and energy costs, Dow Reichhold Specialty Latex has announced on July 24, 2006 a worldwide 5% price increase for nitrile latex used in the manufacture of gloves. The new price would be effective July 15, 2006.

The main raw materials namely methacrylic acid, acrylonitrile and to a lesser extent butadiene, have been negatively affected by feedstock availability as well as supply constrain due to increased demand.

(Dow Reichhold Specialty Latex and its parent company Reichhold, Inc., have been part of the glove industry since the 1960's. Dow Reichhold Specialty Latex LLC is a 50/50 joint venture of The Dow Chemical Company and Reichhold, Inc. The company is headquartered in Research Triangle Park, North Carolina, U.S.A)

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