TDI price increase to recover lost margins and ensure re-investment economics

The leading European TDI (toluene di-isocyanate) producer BorsodChem will be increasing prices for its TDI product range (Ongronat TDI’s) effective January 1st, 2012 or as existing contract terms permit.

In Europe prices will be increased by 200 Euros/MT meanwhile prices for exports will be raised by a minimum of USD 200/MT as of January 1st 2012. The increase will apply to all product types.

Prices are being increased to recover lost margins over the past months and ensure re-investment economics on the back of continued high raw material, energy cost as well as increasing  distribution cost.