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Announcement – Europe

Press Release – Europe

Due to increased costs for electricity and gas in an environment of constrained raw material supplies and services, Bakelite Synthetics Europe announces price increases, effective November 15th 2021. The impact on our product range is as follows:

Thermoset Molding Compounds:
€ 200 to € 300/MT

Novolac and Powder Resins:
€ 200 to € 250/MT

Liquid Phenolic Resins:
€ 120/MT

Liquid Phenolic Resins (Specialties):
€ 250 to € 300/MT

Amino Resins:
€ 35/MT

Formaldehyde:
€ 10/MT

These price increases are independent from freight and raw material cost increases and are a response to the current unprecedented conditions. They will remain in place until energy prices stabilise to lower levels. Bakelite account managers will contact customers to discuss these price increases in more detail.

We remain committed to taking all reasonable measures to meet the demand for our products and continuing to serve our customers during this challenging time.

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You want to join our story as a customer or as a talent? We are looking forward to hearing about your ideas or help you if you would like to know more about a product or technology.

Michael Stahl

Your contact for general requests.

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Gaye Haas, Heike Haas

Your contact for Phenolic and Amino Resins.

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Ramesh Pisipati

Your contact for Aromatic Polyols.

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Rene Hackler

Your contact for Molding Compounds.

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Jan Prins

Your contact for Formaldehyde.

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