Reichhold, Inc. announced a price increase of $0.06 per pound on all unsaturated polyester resins, vinyl ester resins and flame retardant resins sold in North America for the composites industry. This increase is effective for all orders shipped on or after December 3rd.
Bill Schramm, Vice-President Commercial North American Composites stated "Persistent escalation of raw material prices continues to increase our costs, leaving us no choice other than to raise our selling prices. Raw material costs are expected to remain volatile during the balance of 2012 and into 2013 given uncertainties in the global economies." We continue to aggressively work with our suppliers to mitigate these increases and appreciate the understanding of our customers as we continue do everything possible to limit the impact of rising costs and limited raw material availability upon product pricing and supply."
Reichhold is one of the worlds largest suppliers of unsaturated polyester resins for composites and a leading supplier of coating resins for a wide variety of markets and applications. With its world headquarters in Research Triangle Park, North Carolina, USA, and 20 manufacturing sites and 5 technology centers located around the world, Reichhold has the widest global reach of any resin supplier today.
Source: Reichhold
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