Due to the increased costs for key raw materials and transportation, IGM Resins is announcing a price increase on its Omnirad™, Esacure™ and Omnipol™ photoinitiator portfolio. The increases will be effective as per July 1st or as contracts allow and will be in the range of 10-50% depending on product and region.
Supply shortages and price increases for several key raw materials, such as bromide, IBA, benzoic acid are driven by factors such as output limitations and feedstock cost increases, new Chinese environmental regulations, and the Texas winter disruption in the USA.
As global market leader, IGM is committed to the UV industry, and providing reliable supplies to its customers. IGM’s dedicated sales and technical service teams are available for questions or concerns.