WILMINGTON, Del., Sept. 3, 2008 – DuPont Building Innovations announces price increases up to 15 percent in the United States, effective Sept.30, or as contracts permit, for DuPont™ Weatherization Systems products. Due to the accelerating price increases of oil-based feedstocks and energy, raw materials continue to be subject to significant cost increases.
“DuPont Building Innovations is taking these actions in
response to a step-change increase in raw material, energy and transportation
costs,” said Todd Apple, DuPont Building Innovations director for the
Americas. “We have worked to
insulate our customers from these inflationary cost pressures by absorbing the
cost increases, driving efficiencies in our processes, and by cutting
costs. However, given the
magnitude of the realized cost increases, DuPont is no longer able to fully
absorb or otherwise address these higher costs.”
DuPont is a science-based products and services
company. Founded in 1802, DuPont
puts science to work by creating sustainable solutions essential to a better,
safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide
range of innovative products and services for markets including agriculture and
food; building and construction; communications; and transportation.