Xuanwei and Akzo Nobel raise the price of car paint

Recently, following Libang and axel, Xuanwei and Akzo Nobel, two major paint giants, announced to adjust the price of their automotive paint products. Xuanwei (Shanghai) coating Co., Ltd. issued the price adjustment notice, saying that due to the sharp changes in the market price of raw materials in recent years, the year by year rise of labor price, rising transportation cost, tightening of national environmental protection policy, increasing investment in environmental protection and other multiple objective factors, resulting in a significant increase in the cost of finished products. In 2019, the cost increases continue to exceed The company digests the cost limit through internal management control. In line with the concept of long-term sincere service, common development and profit sharing, in order to maintain and improve the quality standards and service standards of Xuanwei brand, and strive to maintain and create win-win business opportunities, after the decision-making level's research and decision, the price system of the existing Xuanwei automotive touch up paint products is adjusted. The specific price adjustment range is subject to the price officially released on April 1, 2019, the new price It will be officially implemented from April 1, 2019. The Asia Pacific market department of AkzoNobel automotive touch up paint issued the notice on price adjustment of AkzoNobel automotive touch up paint products. Since 2016, the prices of the main chemical raw materials resin, titanium dioxide and various solvents of AkzoNobel automotive paint products have increased significantly, and they continue to face a severe price increase trend in 2017-2019, with some raw materials increasing It has exceeded 100%. At the same time, Akzo Nobel, like other industries, is experiencing the situation of inflation and rising labor costs. Manufacturers in the same industry are also constantly adjusting prices to meet the basic needs of enterprise survival and development. In such a severe situation, in order to ensure to provide customers with high-quality products and services as always, the company has carefully considered and decided to From April 1, 2019, the price of all Akzo Nobel automotive touch up paint products will be increased by 2% - 8%. In recent years, the price of raw materials for coatings has been rising all the way. After the Spring Festival this year, the prices of dozens of raw materials, such as titanium dioxide, epoxy resin, polyester resin, MDI, ethylene oxide, etc., have risen sharply again, and even the prices of various raw materials, such as titanium dioxide, resin, epichlorohydrin, MDI, have risen many times in a short period of time. In 2019, the rising tide of the prices of raw materials for coatings hit the coating enterprises again. Under the pressure of rising raw material prices, it is not uncommon for coating enterprises to increase their prices. At the beginning of March 2019, two paint giants, i.e. libon and aiside, have announced to adjust the prices of their auto paint products. Related reading: libon, aiside Auto Paint Co., Ltd. or March price rise again.