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Reichhold Announces Price Increase For Composites Products Sold in EMEA Region

Published on 2005-08-22. Author : SpecialChem

Research Triangle Park, NC -- Reichhold announced a price increase of 100 € (Euro) per metric ton (0.10€/Kg) on all of its products sold to the composites industry in the EMEA region (Europe / Middle East / Africa). This increase is effective for all orders shipped on or after September 15, 2005.

"Recent escalation in the price of crude oil and its derivatives combined with balanced supply and demand as well as the continued rise in energy, packaging and freight costs, makes this price adjustment for polyester resins, vinyl ester resins, gel coats and ancillary products unavoidable," explained Reichhold's EMEA Vice President of Sales Alberto Piccinotti.

"Reichhold works to continuously improve the products and services we provide to the composites industry," Piccinotti continued, "and we sincerely appreciate our customers' understanding and support at a time when the entire industry is impacted by the rising costs of raw materials."

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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