TCI Powder Coatings announced a price increase.

TCI
Powder Coatings
, a subsidiary of RPM Group, recently announced that it will raise its sales price selling prices in an attempt to offset the pressure of the sharp increase in raw material costs, with overall prices expected to rise by about 5%, depending on the product."We have been experiencing rising raw material costs over the past 12 months, and while we have made every effort to reduce operating costs through our own adjustments to absorb price pressure, the company has no choice but to raise the price of the relevant
coatings
products due to higher-than-expected price increases in raw material prices," said Doug Greene, president of tCI, a
.
the main raw materials for powder coatings, including polyester resins, epoxy resins and titanium dioxide, are in strong global market demand, but prices have been higher recently due to reduced production capacity of major suppliers."We strive to build strong partnerships with our suppliers to ensure material quality, innovation and supply assurance, while always providing our customers with the best coating solutions," said
Doug Greene.