The price increase will be applied globally.
DuPont said that this action is required due to the continued increases in petrochemical feedstock, energy, freight and distribution costs. "The raw materials and energy costs increases experienced in the fourth quarter of 2007 are expected to continue throughout 2008. This pricing action is necessary to offset margin loss from the higher costs," said Stephen L. Cox, vice president, Glass Laminating Solutions and Vinyls --DuPont Packaging & Industrial Polymers. DuPont Glass Laminating Solutions provides materials, services and innovations for a better, safer world. The business operates within the DuPont Packaging & Industrial Polymers strategic business unit, part of DuPont's $5.3 billion Performance Materials growth segment.
DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.