Wesel/Ascoli Piceno, June 21, 2010

ELANTAS Deatech is raising its prices

As of August 1, 2010 ELANTAS Deatech, a member of the ELANTAS Electrical Insulation group, will be raising its prices for all wire enamels, lubricants, and solvents by 6 or 8% as follows:

+ 6% for polyesters, polyester-imides, polyurethanes, thinners, lubricants
+ 8% for polyamide-imides and selfbonding wire enamels.

For months, ELANTAS Electrical Insulation has been facing significant increases in both operational and raw material costs. In particular, our business activity has come under tremendous pressure from the following factors: 

  • Shortages in raw material supplies and, as a consequence, soaring prices
  • Escalation in the price of crude oil, directly and indirectly affecting many of the raw materials, and the unfavourable changes to the exchange rate (esp. €uro/US$)
  • Soaring energy prices due to the above facts