BARCELONA, SPAIN, January 26, 2018 - Ashland today announced it will increase the price of its portfolio of UPR and gelcoat products in Europe, the Middle East and Africa (EMEA) by 100 Euros per metric ton and its portfolio of epoxy vinyl ester products by 150 Euros per metric ton. This increase will take effect February 1, 2018, or as soon as possible thereafter as contracts allow. This increase is in addition to the increase announcement of December 8, 2017.
This increase is primarily driven by continued escalation of
costs in key raw materials including styrene, liquid epoxy resins (LERs) and glycols. Ashland continues to make these decisions with the intent to ensure it is servicing customers with the utmost quality and performance and the ability to continue reinvesting in its product line.
About Ashland
Ashland Global Holdings Inc. (NYSE: ASH) is a premier global specialty chemicals company serving customers in a wide range of consumer and industrial markets, including adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. At Ashland, we are approximately 6,500 passionate, tenacious solvers - from renowned scientists and research chemists to talented engineers and plant operators - who thrive on
developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit ashland.com to learn more.
C-ASH
(TM) Trademark, Ashland or its subsidiaries, registered in various countries.
FOR FURTHER INFORMATION:
Investor Relations:
Seth A. Mrozek
+1 (859) 815-3527
samrozek@ashland.com
Media Relations:
Gary Rhodes
+1 (859) 815-3047
glrhodes@ashland.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ashland Inc. via Globenewswire
News Provided by Acquire Media
