Ashland Announces Price Increases for Composites Products in India

PRWeb 7-Feb-2019 9:14 AM

Ashland announces price increases for composites products in India.

MUMBAI, India (PRWEB) February 07, 2019

Ashland today announced it will increase the price of its portfolio of all composites products in India by 100 US$ per ton. This price increase, which is in addition to the previous increase announced January 3, 2019, will take effect on February 7, 2019, or as soon as possible thereafter as contracts allow.

This increase is primarily driven by continued escalation of costs of key raw materials, in particular Styrene Monomer. Ashland continues to make these decisions with the intent to ensure we are servicing our customers with the utmost quality and performance and the ability to continue reinvesting in our 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, nutraceuticals, personal care and pharmaceutical. At Ashland, we are approximately 6,000 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.

FOR FURTHER INFORMATION:

Media Relations:
Michaela Neilson
+41 79109 58 40
mneilson(at)ashland(dot)com

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