Goldschmidt US in across-the-board price hike

By David Reed, UT EditorParsippany, New Jersey- Degussa's Goldschmidt Chemical Corp. is implementing double-digit percent price increases across all of its business lines in North America, with effect from 1 Oct. The increases apply to list and off-list prices for all of the firm's polyurethane additives as well as its personal care, textile care, industrial specialties, and Tego coatings and ink additives business lines, the firm said, in a 12 Oct. statement."Raw material and energy costs for all our business lines continue to escalate sharply, which has made this difficult decision necessary at this time," said Reinhold Brand, president of Goldschmidt Chemical Corp., a wholly owned subsidiary of Degussa Corp.Degussa claims to be the global market leader in speciality chemicals, with its 45 000 employees worldwide generating sales of $15 300 million."