19 November 2007
19 November 2007
AOC will make a $0.04/lb price increase on all resins, gel coats, pigments, colorants and additives for the United States, Canada and export shipments for Latin America, effective for all shipments on Monday December 3, 2007.
The global demand for crude oil, continued weakening of the U.S. dollar value and geopolitical issues in oil rich countries of the world have driven crude oil prices to record levels.
Almost everyday a new record high price for West Texas Intermediate (WTI) as traded on the NYMEX occurs. WTI is approaching $100 per barrel in recent days, which is a 30 to 40% increase in pricing from what was seen in the summer months. In spite of record Natural Gas in storage, NG is following crude oil prices up at a time of year where prices should be falling.
These critical feed stocks used to make the raw materials for Unsaturated Polyester Resin have risen based on unprecedented energy demand and the trend will continue as raw material increases lag crude oil price changes.
Chomarat is developing its Coatings & Films business at its French sites. The Group has just acquired an extruder and a graining line to increase its production capacities and develop new, more efficient solutions, particularly in the field of TPO (polyolefin thermoplastics).
Group Rhodes, through its Rhodes Interform business, has developed a revolutionary new process that enables large monocoque components, particularly those produced by super plastic forming (SPF) from very thin material, to more accurately retain their shape on cooling.
Advanced composites solutions provider, TCS, and Brabham Automotive are pleased to announce a strategic partnership in advanced material and process development for current and future vehicle builds.