12 June 2007
12 June 2007
CCP, Interplastic and Reichhold will each increase prices by US $0.07 per pound, following on from last week’s announcement by AOC of the same increase.
A $0.07 per pound price increase is scheduled for all resin and gel coat products manufactured by Cook Composites and Polymers. The change is effective on all categories of these products shipped on or after July 9, 2007.
Interplastic Corporation’s Thermoset Resins Division is raising the price of CoREZYN® and Silmar® brand products $0.07 per pound for shipments on or after July 1, 2007. This increase includes all vinyl esters, polyesters, specialty resins, gel coats, colorants, and putties.
Reichhold will also make a price increase of $ 0.07 per pound on all unsaturated polyester and vinyl ester resins sold in North America for the composites industry effective for all orders shipped on or after July 1.
“Rapidly rising raw material costs combined with the continued escalation in transportation costs have forced this change,” said Paul Colonna, CCP’s Vice President of Composites. “Costs of styrene, phthalic and glycols have increased far more sharply than originally projected. Prices for maleic, DCPD, and NPG, as well as natural gas, have also increased. We would prefer that this trend in today’s marketplace was not occurring, but the reality is that it is happening, and we are not able to absorb all of these large, abrupt and wide-ranging cost increases,” Mr. Colonna continued. “We remain committed to providing quality products and quality service to our customers. Part of that commitment includes keeping our customers alerted well in advance of these needed adjustments.”