August 15, 2008 -- Daikin America, Inc. announced completion of a successful implementation of its May 2008 price increase announcement across all polymers. The supplier says the increases were necessary to recover some of the production cost increases driven by freight, energy, and packaging; and, during the last 6 months, unprecedented increases for key raw materials.
Specifically, the price of sulfuric acid (a major component in the conversion of fluorspar to anhydrous HF) has increased by 600% and supply has tightened. This has forced HF suppliers to demand significant price increases.
Daikin America, Inc. maintains that it is committed to the fluorochemical industry and will continue to seek prices that support reinvestment across their fluoropolymer businesses. Headquartered in Orangeburg, NY, the company bills itself as the second largest fluoropolymer supplier in the US. The company is a wholly owned subsidiary of Daikin Industries of Osaka, Japan, a manufacturer of air conditioning and refrigeration equipment, and Japan's largest producer of fluorochemical products.
On the Web:
www.daikin-america.com