Ineos Nova Announces price increases for expandable polystyrene

Ineos Nova has announced that it is increasing the price for expandable polystyrene (EPS) resins by 70 euros a meter with immediate effect for January, and by a further 50 euros a meter effective February 1 2008.

‘Margins are at unsustainably low levels as a result of price decreases during Q4 2007,’ said Peter Ayrey, EPS business director. ‘We expect strong demand in January and February as many customers are rebuilding inventories which they depleted for year end. With significantly increasing feedstock costs, these price increases become even more necessary at this time.’