| Margin recovery necessary for Methylamines & Derivatives |
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In spite of the earlier price increase announcements in 2006, Taminco has to conclude that target price increases have not been fully implemented so far. General cost increases on the other hand have even been above expectations in the first two quarters of the year. As a result, margins have been squeezed significantly and consequently a firm price policy with minimum levels will be applied in Q3 for Methylamines & Derivatives in order to ensure a highly necessary margin recovery. Specific increases will be implemented as far as contracts allow.
As a market leader in Methylamines & Derivatives, it is Taminco's main concern to continue offering the highest quality standards, to keep up the best service level possible and to secure supplies also in the long term future.
Strong demand over the last weeks and also for the near future is leading to a tight supply situation for Methylamines and Derivatives. Furthermore Taminco's planned DMF maintenance shutdown in Leuna has started, limiting product availability to a further extent in the coming weeks. We will stay in close contact with all our customers to optimize planning and to ensure a smooth follow up from our side. For more information you can contact your local Taminco Manager or Sabine Ketsman, Market Manager. |