The following letter was issued to all CYRO CYROLITE and XT polymer acrylic-based multipolymer customers on
March 6, 2008
.
The price of all grades of XT® polymer acrylic-based multipolymer compounds and CYROLITE® acrylic-based multipolymer compounds (including CYROVU®, Vu-Stat®, CYRO® R30, and CYREX® alloys) will increase by $0.10/lb effective with shipments on or after April 1, 2008. The need for this increase is driven by recent raw material cost escalations which are still being felt along with increase in other areas such as energy, packaging and transportation.
The global CYRO/Evonik Methacrylates team continues to monitor the situation closely with a focus on identifying and implementing productivity programs in order to minimize these economic pressures.
Your Strategic Account Manager is available with information to assist you in discussing the specifics of the price increase with your customers.
CYRO Industries values your business, appreciates your continued support and remains committed to supplying you with the highest-quality products and services in the acrylic industry.
Yours truly,
Wolfgang Kaster
General Manager
Molding Compounds