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Further Resin Price Increases for Leading Resin Producers

30 July 2004

DSM Composites, Interplastic Corporation, Ashland, AOC and the DOW Chemical Company have all raised the price of their resins.

DSM Composite Resins, Europe's largest UP resin producer, are to further increase the prices of all its unsaturated polyester resin and gelcoat products. Prices will be increased by EURO 80 per tonne effective on all orders shipped on or after July 26th 2004. This is on top of the earlier announced price increases.

Interplastic Corporation's Thermoset Resins Division is raising the prices of all CoREZYN and Silmar brand products. Polyester, vinyl ester, and specialty resins will be increased by $0.07 per pound. All gel coats, colorants, and putties will be increased $0.09 per pound. The increases will apply to all shipments of these products on or after August 14, 2004.

Ashland Composite Polymers is increasing by 7 cents per pound the price of its unsaturated polyester and vinyl ester resins, and by 9 cents per pound, the price of its gel coat products for North American customers. This adjustment will be effective with shipments on and after Aug. 16, 2004, and is in addition to all previously announced increases.

Ashland Composite Polymers, are also increasing by 50 EURO/T the price of its unsaturated polyester and vinyl ester resins and gel coat products in Europe. This price increase will be effective Aug. 1, 2004, and is driven by a continuing escalation of raw material and energy costs. This price increase is in addition to the already combined price increase of 180 EURO/T announced in May and July 2004.

Effective August 1, 2004, AOC will increase prices US $0.20 per kilo on all Vinyl Ester products sold in the Middle East and Asia.

Effective August 1, 2004, or as contract terms allow, Dow Epoxy Products and Intermediates (EP&I) will be increasing its prices for epoxy resins in North America.

Dow is announcing an increase of $0.10/lb for its liquid, solid epoxy and standard brominated resins, as well as an increase of $0.08/lb for its solid solution epoxy resins. The increase for specialty resins varies by product.





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