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Although there generally were signs of improvement in 2004, vehicle and varnish suppliers are watching raw material pricing and profitability closely in 2005.
October 25, 2005
By: DAVID SAVASTANO
For vehicle and varnish manufacturers, like so many suppliers of key raw materials, early last year seems like many years ago. At this time last year, there were concerns about raw material pricing, particularly oil and energy costs. At the time, the price of crude oil was in the mid-$30s. The past year has seen crude oil prices skyrocket, with most recent prices hitting the high-$40s. As a result, vehicle and varnish manufacturers are facing pricing pressures on products ranging from oils an...
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