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Reichhold Announces Price Increase On All Acrylic Powder Coating Resins Sold in North America

Published on 2004-08-03. Author : SpecialChem

 

Research Triangle Park, N.C. USA -- Reichhold announced on 2nd August, 2004, a price increase of $0.10 per pound on all FINE-CLAD® acrylic powder coating resins sold in North America. The increase is for both list and off-list prices and will be applied to all orders shipped on or after September 1, 2004.

"This price adjustment is in direct response to significant cost increases Reichhold has incurred on principal raw materials used in the production of these high-performance powder resins," explained Bruce Fawcett, Reichhold senior vice president, commercial. "We've experienced price hikes across a number of key acrylic monomers including glycidyl methacrylate (GMA) monomer, for which tightness in availability has sharply driven up prices for this primary component," continued Fawcett.

"As always, we thank our customers for their business and encourage them to contact their Reichhold sales representative if they have any questions regarding this pricing adjustment," Fawcett concluded.

Reichhold's FINE-CLAD® acrylic powder resins are used as primary film-formers, crosslinkers and additives in the production of high performance powder coatings.

About Reichhold

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 coating and performance resins for the automotive, appliances, coatings, plastics, textile, construction, transportation, marine and graphic arts markets.

Reichhold has manufacturing operations throughout North America, Latin America and Europe. Founded in 1927, Reichhold's parent, Dainippon Ink & Chemicals (Tokyo, 4631) is also the world's largest producer of printing inks.

Source: Reichhold


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