Wednesday, March 11, 2020 - Florham Park, NJ – Troy Corporation has announced a global increase in prices for specific IPBC containing preservatives, effective March 15, 2020 or as existing agreements allow. Despite ongoing efforts to implement supply chain efficiencies, this price adjustment is required due to the rising costs of key raw materials, including iodine, as well as worldwide regulatory compliance.
“Costs to produce IPBC preservatives continue to escalate due to unfavorable raw material market conditions, including the rising cost of iodine feedstock” says Troy’s Frank Cangelosi, Vice President, Marketing. “We will continue to monitor the situation closely with our global supply chain partners, however, we do not anticipate any near term developments that will reverse this trend,” continues Cangelosi.
Troy Corporation continues to make significant investments to provide customers with added value through innovative products, technical service, and full regulatory compliance combined with a strong global infrastructure to ensure supply reliability.
Customers interested in learning more about the price increase should contact their local Troy sales representative.
Troy Corporation develops and manufactures specialty materials that enhance the properties and performance of its customers’ products and processes, and is committed to helping manufacturers meet global requirements for compliance and sustainability. Troy is the inventor of IPBC, the global benchmark for effective dry-film preservation, and is known in the marketplace for innovation, product quality, and value-added service. Troy is headquartered in Florham Park, New Jersey, with sales offices throughout the United States, Canada, Europe, Asia, and Latin America. Troy materials are used and available in over 100 countries worldwide.
For Further Information: