Consumables

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

Tuesday 11. January 2011 - $ 0.10 per Pound Effective February 1, 2011

Reichhold, Inc. announced a price increase today of $0.10 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 February 1.
“Raw material prices and freight rates continue to escalate beyond our ability to absorb these additional costs and a price increase is necessary,” said Al Naser, Reichhold commercial vice president, Composites North America. “Critical feedstock prices have continued to increase driven by the price of crude oil; increased feedstock demand in emerging markets; and certain feedstock supply restrictions, all of which have contributed to apply upward pressure on our raw material pricing,” Naser continued. “Furthermore, the ongoing price spread between natural gas and crude oil has caused the yields of critical feedstocks to be significantly reduced at many North American refineries,” Naser remarked.
“We appreciate the understanding of our customers as we work to limit the impact of rising costs upon product pricing,” Naser added. “At the same time we are making the investments necessary to continue the supply of innovative and high quality products and services which add value for our customers and increase their competitiveness in the markets they serve,” he concluded.