The material costs
increased by 0.3% and labour costs by 0.4% during the same period.
Concerns over a possible rise in raw material costs
have prompted the share price of ICI to fall as a surge in first-quarter profits was overshadowed by the issue.
NEW YORK-An increase in raw material costs
is raising petroleum-derived fiber and carpet prices.
Producers of rigid and flexible PUR foams can save 5% in material costs
by using polyols derived from soybean oil.
Net shape castings have a real cost advantage in terms of initial raw material costs
and the manufacturing cost of the mold.
Since polyurethanes are relatively expensive there is opportunity for surface-modified fillers to reduce overall raw material costs
. In comparison to thermoplastic resins, liquid polyurethane precursors can be readily mixed with particle/fiber fillers prior to molding.
The material costs
increased by 0.3% and labour costs by 1.8% during the same period.
Company officials said ICI saw substantial increases in raw material costs
. "As in the second quarter, strong comparable sales growth and benefits from restructuring more than offset the impact of rising raw material costs
in Q3, and profit and cash flow were again ahead of last year for the quarter," said John McAdam, chief executive.
While many suppliers have had to absorb the increased raw material costs
, they have not lost faith in the fiber and continue to develop and expand their polypropylene lines.
In the first quarter of 2019, in comparison with the fourth quarter of 2018, the construction costs for new residential buildings decreased by 0.6%, the material costs
increased by 0.5%, and the labour costs decreased by 3.1%.
Changes in material costs
were likewise mixed, with several Districts noting increases in metal prices and decreases in lumber prices.
"While Sun Chemical is working hard to safeguard supply and mitigate the shortage of photoinitiators by qualifying new grades and developing new sources, the high levels of raw material costs
are unprecedented and have been passed on to ink manufacturers," said Felipe Mellado, chief marketing officer and board member, Sun Chemical.