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Kester's Chemical Line Sees Price Increases
October 12, 2005 |Estimated reading time: Less than a minute
DES PLAINES, Ill. — Effective October 15, 2005, many of Kester's fluxes, thinners and associated chemical products will see price increases. Several of the raw materials used in Kester's chemical products have risen 64% in the past year and 100% since the beginning of 2004. Chemicals linked to the petroleum industry, such as alcohol solvents and oils have reached a point where Kester must pass these costs along to customers.
Fifty-eight current Kester chemical products are affected by the price increase, based solely on the rapid increase in raw-material costs. "Kester has tried to hold off on this price adjustment for months, but the petroleum-based products do not appear to be rebounding to 2003 levels," says Dave Torp, Kester's vice president of marketing and business development.