Industry News

Reichhold Announces Off-List Price Increases on Solvent Based and Water Reducible Resins

Published on 2005-06-22. Author : SpecialChem

RESEARCH TRIANGLE PARK, N.C.-- Reichhold announced price increases for various solvent based and water reducible alkyd, polyester and urethane resins sold into the North American coatings market. Specific increases include all alkyd and polyester resins and Oil Modified Urethanes which will go up by $ 0.05 per pound. These increases are effective for the U.S. and Canada on all orders shipped on or after July 15, 2005.

"Reichhold has made substantial investments in technology and human resources over the past years in order to assure our customers a continuous stream of new and compliant technologies," said Rodney Biddle, Senior Vice President Global Coatings. "To continue these initiatives, Reichhold must return its core business to a minimum of reinvestment profitability. Both our customers and the industry need and depend on a healthy and sustainable supplier base."

"We thank our customers for their understanding and continued support and encourage them to contact their sales representatives if they have any questions regarding this increase," Biddle concluded.

Reichhold's Alkyds, Polyester and Urethanes technologies for coatings are sold under the Beckosol®, Kelsol®, Amberlac®, Aroplaz® and Urotuf® trade names.

About Reichhold

Founded in 1927, Reichhold, with its world headquarters and technology center in Research Triangle Park, North Carolina, USA, is together with its parent, Dainippon Ink & Chemicals (Tokyo, 4631) the world's 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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