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Ferro's Engineered Polymer Products Business Announces Price Increases for Filled and Reinforced Plastic Compounds

May 8, 2008

Ferro Corporation's Engineered Polymer Products business has announced it is increasing the price for all filled and reinforced plastic compounds produced at its facility in Evansville, IN. The increase of $0.06 per pound is effective with shipments made as of June 1, 2008, or as supply contracts allow.

James Kolenc, Business Director, Engineered Polymer Products, attributed the need for price increases to unprecedented escalation of costs for polypropylene, transportation and energy. "We have worked diligently to mitigate these cost increases and minimize the impact on our customers," said Kolenc. "Unfortunately, we are unable to absorb these increases any further. This pricing action supports our ability to continue to provide competitive, high-value products and services to our customers."

Engineered Polymer Products manufactures engineered plastics composites, plastic color concentrates and advanced polymer alloys, and offers manufacturing of custom alloys. Its products are available globally from manufacturing facilities in the U.S. and Europe.

Source:Ferro Corporation

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