Jotun Powder Coatings, one of the world's leading producers and suppliers of powder coatings, has announced that prices of all its powder coating products, which the company distributes to Europe, Middle East and Asia, will increase as a result of the global escalation of raw materials prices. The manufacturer further revealed that the increase will vary for each product depending on their technology base, but will affect all of its product categories – Epoxy based products; Polyester based products; Hybrid based products; and Polyurethane-based products, sold to the decorative and functional market segments.
In recent months Jotun Powder Coatings has seen an average raw material price increase of up to 25 per cent. Steep increases have been registered in all main categories of raw materials, including polyester, polyurethane and epoxy resins, and titanium dioxide. In particular, the prices of the epoxy resins have recorded the highest rise. Jotun Powder Coatings, which remains committed to delivering quality products and value to its customers, notes that a price increase is inevitable given the rising cost and shortage of raw materials.
"Though the market circumstances have forced us to make these changes in prices, our customers can be assured of Jotun Powder Coatings's continuous commitment to quality, excellence and use of the latest technology to manufacture our range of high quality powder coatings," said Claudio Iurilli, Divisional Marketing Director at Jotun Powder Coatings.
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