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.
Sharp & Tappin has installed and commissioned a Compcut 200 composite plate saw at Renault Sport Racing in Enstone, Oxfordshire, UK.
Electric GT Holdings and SPV Racing recently unveiled the race-ready version of the EPCS V2.3 Tesla P100DL at Circuit de Barcelona-Catalunya. The car features lightweight body parts made using Bcomp's ampliTex and powerRibs natural fibre composite reinforcement products, contributing to a 500 kg weight reduction over the road edition.
UK company Codem Composites has provided key bodywork components to support the F1 team Sahara Force India.