Business News

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

Tuesday 19. October 2010 - $ 0.04 per Pound Effective November 8, 2010

Reichhold, Inc. announced a price increase today of $0.04 per pound on all unsaturated polyester and vinyl ester resins sold in North America for the composites industry. This increase is in addition to the previous price increase on vinyl ester resins and is effective for all orders shipped on or after November 8.

“Key raw material prices 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. “Raw material prices have continued to increase due to tight supply of critical feedstocks, global supply and demand, and less favorable yields of critical feedstocks as North American refineries are using natural gas rather than crude oil as the favored primary feed due to more favorable economics,” Naser continued.

“We appreciate the understanding of our customers as we work to minimize 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.