DSM and Reichhold Increase Resin Prices

30 April 2004

Reichhold and DSM are to increase their prices on resins outside America from May 1st 2004.

Europe’s UP resin and gelcoat producer, DSM Composite Resins, are due to increase prices on all its resin and gelcoat products in Europe of 75 Euros per metric tonne. This increase will take effect as of May 1st 2004.

The company states that, with the prospect of further raw material developments and continuing recovery in demand for UP resins and gelcoats - coupled with higher logistical costs - means a further price increase cannot be ruled out.

Reichhold are also due to increase their prices by 80 Euros per metric ton on all of its products sold to the composites industry in the EMEA region (Europe / Middle East / Africa) effective for orders shipped on or after May 1, 2004.

“The continuing rise in the cost of raw materials, chiefly styrene and other products, makes this increase absolutely critical,” explained Bruce Fawcett, senior vice president, commercial, for Reichhold. “Similar pressures in North America have already necessitated two price increases in that region this year.”

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