Victrex Announces Global Price Increase for VICTREX™ PAEK Polymers
Thornton Cleveleys, UK – Victrex Polymer Solutions, the world leader in high performance polyaryletherketones, is increasing its prices by a minimum of 6.8% for its VICTREX™ PAEK polymers on 1st October 2014, or as contracts allow.
This price increase is necessary to offset increased costs to secure key raw materials like Hydroquinone (HQ) and to compensate for increased energy, freight and inflationary costs.
Despite our focus on efficiency improving productivity and investing ahead of key industry demand, there is no alternative but to recover some of these costs at this time.
Victrex Polymer Solutions has maintained extremely stable product pricing across its industry-leading product lines, and the company remains committed to providing exceptional quality and security of supply of its products to customers in key market segments including aerospace, automotive, electronics, energy, industrial and medical.
Demand for VICTREX PAEK polymers is at an all-time high, and the company is adding significant capacity with a new powder plant scheduled for commissioning in early 2015.
Victrex media contacts:
Andrew Hanson, Head of Investor Relations & Communications
Beate Sauer, PR & Marketing Communications Manager