Industry News

Reichhold Announces Price Increase on Unsaturated Polyester Resins and Vinyl Ester Resins Sold in North America

Published on 2008-07-08. Author : SpecialChem

Research Triangle Park, NC -- Reichhold, Inc. has announced price increases of $ 0.08 per pound on all unsaturated polyester and vinyl ester resins sold in North America for the composites industry. This increase is effective for all orders shipped on or after August 1. Reichhold will also complete the implementation of the $0.04 per pound price increase for unsaturated polyester and vinyl ester resins sold in steel drums which was previously announced on May 30, 2008.

"Raw material, steel, transportation, and energy costs have continued to escalate to unprecedented levels with no relief in sight," said Al Naser, Reichhold vice president of sales, Composites North America. "As a result of these dramatic cost increases, we are forced to increase resin prices to partially offset the impact and maintain economic viability," Naser continued. Even though the North American economy remains soft, global supply and demand and other economic factors are driving up the prices for critical raw and packaging materials, diesel fuel, and energy," Naser added.

"Reichhold is making every effort to limit the impact of rising costs upon product pricing, and appreciates the understanding of its customers," Naser said. "We continue to invest in research and development, alternative materials, and manufacturing process improvements to add value for our customers and increase their competitiveness in the markets they serve," he concluded.

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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