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Research Triangle Park, North Carolina – September 12, 2005 – Dow Reichhold Specialty Latex has announced a worldwide price increase for nitrile latex used in the manufacture of gloves. Effective October 15, 2005, the price of nitrile butadiene (NB) latex for glove manufacturing will increase by five percent (5%) worldwide.
The company cited the continuing escalation in raw material and energy costs as key reasons for the price increase.
Dow Reichhold Specialty Latex and its parent company Reichhold, Inc., have been part of the glove industry since the 1960's. The company developed the nitrile latex technology that has become the synthetic latex of choice for glove manufacturing. Dow Reichhold Specialty Latex LLC is a 50/50 joint venture of The Dow Chemical Company and Reichhold, Inc., a subsidiary of Dainippon Ink and Chemicals. The joint venture is the world's largest producer of specialty latex. The company is headquartered in Research Triangle Park, North Carolina, U.S.A.
For Additional Information:
Bob Cook
231-334-3266
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