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CCP Announces UPR, Gel Coats Price Change in March

Published on 2005-03-01. Author : SpecialChem

Effective March 21, 2005, CCP will implement a $0.04 per pound price increase for its gel coat and unsaturated polyester resin (UPR) products.

According to Composites Vice President Paul Colonna, the change is driven by a number of factors, including:

  • Continued rise in costs of key raw materials, particularly glycols, maleic anhydride, titanium dioxide (TiO2), and styrene (due to the rising cost of benzene)
  • Decreased availability of many of these same raw materials
  • Ongoing increases in both transportation and energy costs.

"Continued weakening of the U.S. dollar and increasing demands in Asia, as well as unforeseen circumstances such as the partial shutdown of one maleic anhydride supplier," Mr. Colonna added, "have all had a significant impact on U.S. manufacturers."

'In spite of these challenges, CCP stands by its commitment to long term growth of the composites industry,' Mr. Colonna stated. 'We continue to support our commitment by anticipating and providing for customers' needs, and through scrupulous attention to our own internal resources, specifically R&D, production efficiencies, and technical services."

Source: Cook Composites and Polymers (CCP)

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