DuPont stated that this action is required due to the sustained increases in petrochemical feedstock, energy and freight costs.
"Despite recent improvements in natural gas and oil prices, the cumulative increases in petrochemical feedstock, natural gas, energy and transportation costs have eroded profitability to unsustainable levels. Our previous pricing actions, and significant cost and yield improvements, have not kept pace," said Torkel Rhenman, global business director, DuPont Glass Laminating Solutions. "While we will continue to work aggressively to improve costs, we must take action now to ensure our ability to reliably supply service and provide the innovative solutions our customers expect from DuPont Glass Laminating Solutions."
DuPont Glass Laminating Solutions provides materials, services and innovations to the laminated glass value chain for a better, safer world. The business operates within the DuPont Packaging & Industrial Polymers strategic business unit, part of the DuPont Performance Materials growth platform.
DuPont is a science 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, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.