Leverkusen, Germany- Bayer MaterialScience AG has announced price prices for saturated polyester polyols and selected solvent-borne resins for polyurethane paints and coatings. The average rise is 4 to 6 percent, depending on the product group, and takes effect 15 May 2006.
BMS said ongoing increases in the costs of raw materials and energy are so significant that they cannot be offset by internal measures to increase efficiency."
Should the situation in the global markets for raw materials continue to escalate," BMS continued, it reserves the right to make further timely adjustments to its selling prices in response to rising costs."
BMS said it will fulfill all current contracts.