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CYRO Announces Fourth Price Increase
For ACRYLITE Polymers Occurring In 2004

 

 

Rockaway, NJ – October 6, 2004 – As a result of the rising cost of energy and raw materials, CYRO Industries announces that effective with shipments on or after November 1, 2004, prices for all grades of ACRYLITE® acrylic polymers and ACRYLITE PLUS® impact acrylic polymers will increase by $0.08 /lb. This represents the fourth price increase taking place during 2004. The first price increase took effect May 3, increasing polymer prices by $0.08 per pound. The second increase took effect June 23 raising the price by $0.05 per pound, and the third took effect August 9th raising the price by $0.08 per pound.

“This increase represents a portion of the costs recently incurred and reflects CYRO’s continuing effort to mitigate and share in these costs with our customers,” comments Matthew Corcoran, Director – Strategic Account Management, ACRYLITE & ACRYLITE PLUS Polymers.

The cost of acetone, already at historic highs, will move yet higher as the result of a recently announced price increase. Acetone is a major component and critical cost driver in the manufacture of MMA and PMMA. In an attempt to manage ongoing supply and demand imbalances, MMA suppliers continue to impose sales restrictions and recently implemented a $0.12 /lb price increase. Additionally, the market supply of acrylates has tightened, resulting in higher costs to crucial feed stocks in the manufacture of modified acrylic polymers.

CYRO continues to identify and implement efficiency programs and cost savings initiatives in an attempt to control and minimize the effects of these increases. The company remains committed to its customers helping them achieve long-term success.

Headquartered in Rockaway, NJ, CYRO Industries is the innovative supplier of specialty acrylic solutions to existing and emerging markets in the Americas. Formed in 1976 as a joint partnership between Cytec Industries and Röhm GmbH & Co., KG, a subsidiary of Degussa AG, CYRO has broad technological and global resources to respond to market demands.

CYRO, North America’s largest acrylic sheet manufacturer and a leading producer of molding and extrusion compounds, offers on-line technical support 24/7, through the TechKnowlogy Center at www.cyro.com.
 

Other News by CYRO:

 


Not-So Heavy Metal: CYRO’s New Sterling Collection Provides Stylish Metal Appearance In Acrylic Sheet

CYRO Announces Third Price Increase for ACRYLITE Polymers in 100 Days

NEW ACRYLIC COLORS FROM CYRO INDUSTRIES POP INTO STORE DISPLAYS

CYRO APPOINTS STEVEN J. VACCARO AS SHEET DEPARTMENT MARKETING MANAGER

CYRO Industries Announces Price Increase on ACRYLITE® and ACRYLITE PLUS® Molding & Extrusion Compounds


 






For more information about CYRO, contact:


CYRO Industries
100 Enterprise Drive
Rockaway, NJ 07866
Tel: 800-631-5384
Fax: 973-442-6117
 

 


Plastics Molding & Fabricating
P: (847) 362-1560
F: (847) 362-5028
EMAIL:
info@onsrud.com
800 LIBERTY DRIVE
LIBERTYVILLE
ILLINOIS 60048