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Reichhold Announces a Hike in Costs on Resins for Composites Industry in North America

Published on 2012-01-20. Author : SpecialChem

Reichhold, Inc. announced a price increase of $0.08 per pound on all unsaturated polyester resins, vinyl ester resins and flame retardant resins sold in North America for the composites industry. This increase is effective for all orders shipped on or after February 15th.

Bill Schramm, Vice-President Commercial North American Composites stated, "Escalating raw material prices and limited supply of some raw materials continue to increase our costs, leaving us no choice but to raise our prices. Raw material costs are expected to rise continually through the first quarter primarily the result of numerous planned outages and increased demand. Crude oil continues to trade over $100 per barrel and the cost spread between oil and natural gas continues to favor the latter which yields less propylene available for conversion to many composites raw materials. We continue to aggressively work with our suppliers to mitigate these increases and appreciate the understanding of our customers as we continue do everything possible to limit the impact of rising costs and limited raw material availability upon product pricing and supply."

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 20 manufacturing sites and 5 technology centers located around the world, Reichhold has the widest global reach of any resin supplier today.

Source: Reichhold


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