26 January 2003
26 January 2003
AOC will increase prices by US $0.04 per pound on all products, including resins, gel coats, pigments and b-sides in North America shipped on or after February 10, 2003.
According to AOC, the magnitude of December and January sharply higher energy and raw material price increases cannot be absorbed. Several global and regional events are involved.
- Instability of world oil supplies as affected by the Venezuelan crisis and immanent threat of war with Iraq.
- Higher natural gas prices resulting from a colder than normal winter and restricted supply after two hurricanes struck the Gulf Coast.
- Increases in styrene, PG, EG and DG
Events related to terrorist activities, possible war with Iraq, an impasse in Venezuela, and a cold winter are not resolved. These issues forebode more increases in energy and raw material supply. Some raw material suppliers announced increases of $0.06 per pound this week that are effective in February. These are not factored into this announcement.
Airtech Advanced Materials Group is introducing three new high temperature vacuum bagging materials for thermoplastic moulding processes up to 427°C.
Sumitomo Chemical reports that its polyethersulfone (PES) micro-powder additive SumikaExcel 5003P boosts fracture toughness and resistance to micro-cracking for fibre reinforced epoxy composites over a broad temperature range without negatively impacting dimensional stability, flame/smoke/toxicity (FST), creep resistance, modulus, impact, or yield strength.
Renault, Webasto, ARRK-Shapers and Polyscope Polymers won the People’s Choice award for the most innovative composite part at the 18th annual Automotive Composites Conference & Exhibition (ACCE) sponsored by the Society of Plastics Engineers (SPE).