AKRON, OHIO—The rumble in the PVC jungle continues, as two manufacturers reconfigure previously announced price increases into 2 cent hikes effective Aug. 1.
Geon Co. of Avon Lake, Ohio, has moved a 2 cent increase announced in April to Aug. 1. The delay was the result of lack of buyer support, said Lou Maresca, Geon's vice president and general manager of resins.
Geon also continues to seek 1 cent increases effective June 1 and July 1, Maresca said. Those increases were split from an unsuccessful 2 cent increase scheduled for May 1.
Meanwhile in Geismar, La., Borden Chemicals & Plastics has combined its 1 cent hikes from June and July into a single 2 cent increase for August. Borden's 1 cent increases also resulted from an unsuccessful May 1 increase.
Borden did not see enough strength behind the June and July increases, according to John Russ, the firm's executive vice president of sales and marketing.
Russ added that Borden had considered a 2 cent increase for July, but settled on August because of summer pricing trends.
``July is traditionally a weak month because of vacation shutdowns,'' Russ said. ``It's not a good month to seek a price increase.''
Officials at Condea Vista of Houston, Occidental Chemical Corp. of Dallas, Georgia Gulf Corp. of Plaquemine, La., and Westlake Polymers of Houston said they were staying the course on the 1 cent/1 cent June/July split, although Westlake said it was considering taking the same action Borden had announced.
Officials at Formosa Plastics Corp. USA, a Point Comfort, Texas-based industry leader that initiated the 1 cent/1 cent split, could not be reached for comment.