Toledo, Ohio-Perstorp Polyols Inc. is to increase prices for neopentyl glycol by $0.07/lb. The increase will take effect 15 June 2006, or as existing agreements allow, Perstorp said.
"Market conditions necessitate this increase," the firm said in a 1 June announcement.
Perstorp Polyols, a division of chemicals group Perstorp AB, bvased in Perstorp, Sweden, also recently increased the price for 2-ethylhexanoic acid (2-EHA) by $0.05/lb. Toledo-based Perstorp Polyols attributed the rise to "increasing costs for key raw materials, energy, and freight."
Perstorp Polyols has four plants on a more than 40-acre site in Toledo, producing pentaerythritol, trimethylolpropane (TMP), formaldehyde, SMF concrete superplasticiser and sodium formate.
Globally, Perstorp says, it is the largest producer of pentaerythritol, with four manufacturing locations: Toledo; Perstorp; Vapi, India; and Bruchhausen, Germany. Perstorp also claims to be the world's largest producer of TMP, with two manufacturing sites, in Toledo, Ohio, and Perstorp, Sweden.