Consumables

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

Monday 21. March 2011 - $ 0.06 per Pound Effective April 11, 2011

Reichhold, Inc. announced a price increase today of $0.06 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 April 11.
“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. “Feedstock restrictions, global supply and demand, geopolitical events, and the price spread between crude oil and natural gas have all combined to drive up the prices of our key raw materials”, Naser continued.
“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.