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“The recent escalation in hydrocarbon costs has caused the gap between price and cost to narrow significantly,” said Marin Sutcliffe, global business director, Glycol Ethers. “Given the current market conditions, we have no choice but to fully implement this price increase.”
“Our margins have continued to decline and are currently at unacceptable levels,” says Mark Bassett, global business director, Solvents & Intermediates. “We must improve our margins so we can afford to compete for raw materials and make the products our customers need.”
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