Texas Petrochemicals hikes prices of Polyisobutylene product line

Houston based Texas Petrochemicals Inc. (TPC) announced a price increase on its polyisobutylene product line. TPC provides a diverse range of quality products and services into performance, specialty and intermediate manufacturing markets worldwide. With effect from September 1, 2008, TPC will raise polyisobutylene pricing by up to 12%, depending on grade, and make adjustments to off-list pricing as contracts allow. These changes are driven by the recent rapid increase in isobutane feedstock and natural gas costs. "The sustained high prices for hydrocarbon based raw materials continue to adversely impact our business, requiring TPC to implement an increase at this time," said Vice President and General Manager for Performance Products Sandra Davis. "We are focused on maintaining a viable PIB business that can supply our customers over the long term. TPC plans to begin commissioning its new plant in August and expects to startup in the fourth quarter, effectively doubling the capacity once on-line." (Press Release)
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