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Price Increase for CoREZYN and Silmar Products

10 June 2008

Interplastic Corporation’s Thermoset Resins Division is raising the price of CoREZYN and Silmar brand products $0.10 per pound for shipments on or after June 28, 2008.

This increase includes all vinyl esters, polyesters, specialty resins, gel coats, colorants, and putties. In addition, all products shipped in steel drums will increase another $0.02 - $0.04 per pound due to labour and related drumming costs.

“Raw materials, transportation and energy costs have risen to levels not previously seen in our industry. With crude oil above $120 per barrel, the increased cost of materials used to make polyester based products can no longer be absorbed,” explains Wetzel. “In addition, the rising costs of diesel fuel, natural gas and electricity continue to increase the costs of manufacturing and delivering these products,” said Wetzel.





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