Since March 1st , 2011, AkzoNobel Powder Coatings announces that they will raise the prices of all their powder coating products in China market because the prices of all raw materials of powder coatings are rising steadily from the 2nd quarter of 2010. As the largest producer in the world, AkzoBobel has adapted to the influences brought by raw materials' price rise.
However, due to the further increase of raw materials without any signs of stopping, AkzoBobel has to adjust the prices of its powder coating products. Therefore, in order to balance a part of impact from raw materials' price rise, they will raise the prices of all powder coating products by 10% to 20% on the basis of product type in China market since March 1st , 2011.
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