Industry News

Ashland Raises North American Resin Prices

Published on 2005-03-04. Author : SpecialChem

DUBLIN, Ohio (USA) -- Ashland Composite Polymers, a business group within Ashland Specialty Chemical, a division of Ashland Inc. (NYSE:ASH), is increasing the price of its epoxy vinyl ester resins (DERAKANE®, DERAKANE MOMENTUM™ and HETRON® products) sold in North America by 15 cents per pound. In addition, Ashland will increase unsaturated polyester resin and gel coat pricing by 4 cents per pound.

Both price adjustments are effective March 24, 2005. The price increases are in addition to already announced increases and are driven by a continuing and relentless escalation of raw material costs. By responding to changing market conditions Ashland can continue to provide innovative products and industry-leading product support to our customers.

In an effort to simplify pricing and enable customers to coordinate orders and logistics, Ashland is also implementing a new drum pricing differential on March 24, 2005, for DERAKANE, DERAKANE MOMENTUM, HETRON and MODAR® vinyl ester resins. This new initiative gives Ashland customers flexibility on their resin orders. Ashland account managers will work closely with customers to implement the new schedule and pricing adjustments.

Ashland Composite Polymers, a business group of Ashland Specialty Chemical, is a leader in supplying products, processes and technologies to the global marketplace for composites and gel coats.

Ashland Specialty Chemical, a division of Ashland Inc., is a leading, worldwide supplier of specialty chemicals serving industries including adhesives, automotive, composites, metal casting, merchant marine, paint, paper, plastics, watercraft and water treatment.

Ashland Inc. (NYSE:ASH) is a Fortune 500 transportation construction, chemicals and petroleum company providing products, services and customer solutions throughout the world.

® Registered trademark, Ashland Inc.

Source: Ashland Inc.

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