Industry News

Reichhold Announces List and Off-List Price Increases for Coating Products Effective July 1st 2008

Published on 2008-06-02. Author : SpecialChem

Research Triangle Park, NC -- Reichhold has announced a general price increase for coating products sold in North America or exported, effective for products shipped on or after July 1st, 2008 or as contracts allow.

Prices on all solvent based, water based and water reducible products will increase a minimum of six cents per pound. All products sold in steel drums will increase an additional two cents per pound due to back to back increases in steel and steel drum costs.

According to Tony Rende, director of business management, this increase is driven by the continuing escalation of all key raw materials, energy and transportation costs.

About Reichhold:

Founded in 1927, Reichhold, with its world headquarters and technology center in Research Triangle Park, North Carolina, USA, is the worlds largest manufacturer of unsaturated polyester resins and a leading supplier of coating resins for the industrial, transportation, building and construction, marine, consumer and graphic arts markets. Reichhold has manufacturing operations throughout North America, Latin America, the Middle East and Europe.

Source: Reichhold

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