Consumables

Reichhold Announces Price Increase on all Products for European Composites Industry

Monday 11. January 2010 - Reichhold announces a 150 EUR/MT price increase effective as of January 18, 2010 on all its Products sold in Europe.

The main reason is the recent, sharp increase of styrene price caused by an increase in feedstocks (benzene) and capacity curtailment actions. Styrene supply in Europe continues to be disrupted by a combination of planned turnarounds as well as unplanned plant problems. Strong demand in Asia is pulling spot material out of the US and Europe.

In addition to that, all key feedstocks and raw materials utilized to manufacture polyester resins and related products are showing increasing pricing trends.

The above, combined with formerly significant raw material increases, have made this price adjustment necessary.

We appreciate our customers’ understanding of these difficult market conditions as we make every effort to mitigate the impact of rising costs on our product pricing.

At the same time we continue to make investments required to supply high quality, innovative products to help our customers differentiate and create added value.