Industry News

Reichhold Announced Rise in Costs for its Gelcoat Resins in the European Market

Published on 2011-09-30. Author : SpecialChem

Reichhold announced price increases effective for all orders shipped on or after October 1, 2011 in Europe.

"We are forced to increase our prices due to the drastic upward trend of the prices of key raw materials. Overall market conditions remain volatile with tight availability, but we have chosen to continue our focus to the market and to secure supply to our customers," the company announced.

In light of this situation, they announced a 200 EUR/MT price increase on all White Gelcoat Resins, a 100 EUR/MT price increase on all Pastel colored Gelcoat Resins and a 50 EUR/MT price increase on all Dark colored Gelcoat Resins. This applies to all Gelcoat Resins shipped on or after October 1, 2011.

While these volatile raw material market conditions continue, they will revise our specific product prices with individual customers on a monthly basis.

"We count on our customers' understanding of these difficult market conditions as we work to minimize the effect of rising material costs upon our product pricing. Since these market conditions are not expected to change in the near future, these price increases are necessary to enable us to continue to make the investments required to supply high quality, innovative products to support our customers efforts to develop and improve their products and create added value," the company added.

About Reichhold

Reichhold is one of the world's largest suppliers of unsaturated polyester resins for composites and a leading supplier of coating resins for a wide variety of markets and applications. With its world headquarters in Research Triangle Park, North Carolina, USA, and 19 manufacturing sites and 4 technology centers located around the world, Reichhold has the widest global reach of any resin supplier today.

Source: Reichhold

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