18 June 2006
18 June 2006
Reichhold, DSM and Scott Bader have all announced additional price increases of between €70 and €100 per tonne on polyester systems.
Europe’s largest UP resins and gel coat producer, DSM Composite Resins AG, has announced a further price increase on all of its resin and gel coat products of € 70.00 (Euro) per metric tonne with effect from 1st July 2006. This is in addition to the €70.00 increase that was implemented on May 1st 2006.
Scott Bader is increasing the prices of all Crystic unsaturated polyester, DCPD and vinyl ester resins, plus all gelcoats and its Crystic Crestomer structural adhesive range by 90 €/t on all deliveries from its European sites from July 3rd 2006.
Reichhold has announced a price increase of 100 € (Euro) per metric ton (0.10€ / Kg) on all of its products sold to the composites industry in the EMEA region (Europe / Middle East / Africa).
This increase is in addition to the one announced in March and is effective for all orders shipped on or after July 1, 2006. “This increase is a necessary response to the escalating cost of key raw materials,” explained Reichhold’s EMEA Vice President of Sales Alberto Piccinotti. “Increased and sustained crude oil prices have consistently driven up benzene pricing with a direct effect on the cost of styrene.”
“Maleic anhydride prices have risen sharply due to extremely tight availability as a consequence of both planned and unplanned shut-downs by maleic producers in the region,” Piccinotti continued. “We appreciate our customers’ patience as all of the composites industry must contend with volatile raw material pricing,” Piccinotti said. “As a key component of our customers’ business, Reichhold continues to invest in research and development so that we can provide technical solutions to the needs of our customers,” he concluded.