TCI Powder Coatings Announces Price Adjustments

TCI Powder Coatings announces it will be implementing an adjustment in its selling prices to offset sharp increases in the cost of materials.

TCI Powder Coatings, a subsidiary of RPM International, announces it will be implementing an adjustment in its selling prices to offset sharp increases in the cost of materials. While the price adjustments will be product-specific, the company says, it is expected that the overall impact will be approximately a 5 percent increase.

“We have been experiencing rising material costs for the past twelve months,” says Doug Greene, president of TCI. “We have worked to reduce operating costs and absorb these increases, but we have reached a point where selling prices must be adjusted to reflect the higher cost of materials.”

Supplier of industrial powder coatings in North America, polyester, epoxy resins and titanium dioxide are primary components in many of the company’s products and are said to be significant drivers of the cost increases. Global demand for these materials has remained strong while supply has been restricted by plant outages and reductions in capacity from major producers.

“We work intensely to build a strong partnership with vendors to assure supply, quality, and innovation in our materials. We intend to always provide the best value in the coatings solutions we develop for our customers,” says Greene.

For more information, visit tcipowder.com.