AOC Price Increase for US Exports

14 April 2008

AOC will make a US$0.07 per pound price increase on all resins and gel coats exported from the United States, effective for all shipments beginning April 21, 2008. According to AOC, crude oil has reached a new milestone and is now trading in excess of $100 per barrel on a daily basis as demand continues to rise. Natural Gas costs are also rising as NG consumption has increased and storage inventories have declined due to North America experiencing one of the coldest winters in recent times. Critical feedstocks used to make the raw materials for Unsaturated Polyester Resin have risen, and the trend will continue as raw material increases lag Crude Oil and Natural Gas price changes.

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