The new pricing will be applied to supply agreements effective January 1, 2005.
Our investments in facilities and research have resulted in improved offerings to meet the changing needs of the automotive and construction industries. These offerings create significant value-added opportunities and productivity improvements for our customers and the glass industry's end users," stated Luigi Robbiati, vice president of DuPont Glass Laminating Solutions. "This price increase is necessary to continue investing in our business. Raw material prices have escalated rapidly at a time when demand for our products is exceeding supply. Reinvestment economics must be improved to ensure our future ability to reliably supply and service our customers in a growing market."
DuPont Glass Laminating Solutions, the leading innovator of products and services for the glass laminating industry, provides materials, services and innovations for a better, safer world. The business operates within the DuPont Packaging & Industrial Polymers strategic business unit, part of the $5.3 billion DuPont Performance Materials growth platform.