Cognis Corporation’s graphic arts, coating technology and polymer building blocks business units have jointly announced a price increase for the Cognis line of Photomer products for UV/EB applications. These products include the Photomer 3000, 4000, 5000, 6000 and 8000 series of monomers, oligomers and adhesion promoters.
Company representatives noted that Cognis has limited price increases for its customers as much as possible. “During the past several years, we have worked diligently to reduce both raw material and manufacturing costs for our Photomer product line,” said Bob LieBerman, global market manager, graphic arts. “Unfortunately, due to escalating costs for raw materials as well as energy, labor, transportation and insurance, prices must be adjusted to enable Cognis to continue to be competitive in this market.”
As a result, Cognis Corporation will increase the price of all Photomer 3000, 4000, 6000 and 8000 series by 10 percent. Prices for Photomer 5000 series products will be increased by 5 percent. These price adjustments will take effect on June 15.