Material Price Increases

21 August 2009

September sees price increases for four companies that supply the Composite industry.

DSM Composite Resins Increases Prices for Its Entire Range of Resins

Effective by 1st September 2009, DSM Composite Resins will be increasing prices in Europe, the Middle East and Africa across its entire range of resins by 115 €/mt.

Company representatives say that the continuous rise of raw material costs has been fully absorbed by DSM Composite Resins for as long as possible and therefore this price increase was unavoidable.
CCP to Increase Prices on Its Composite Products

Cook Composites and Polymers (CCP) will be implementing a $0.08 per pound price increase for all unsaturated polyester and vinyl ester resins, gel coats, and ThermaCLEAN products, effective for shipments made on or after September 7, 2009.

According to the company, this increase in cost reflects the rise in feed stocks over the last several months.

Speaking of the changes, Ken Moran, Vice President of Sales said, ""CCP will make every effort to diminish the impact of raw material advances where possible. The direction of our operating strategies will continue toward seeking every opportunity to reduce expenses where we can"".
Reichhold Raise Prices of Unsaturated Polyester Resins and Vinyl Ester Resins

Due to the rising cost of raw materials, all Reichhold unsaturated polyester and vinyl ester resins sold in North America will be subject to a $ 0.05 per pound increase for orders shipped on or after September 1.

Spokesperson, Al Naser, Commercial Vice President, Composites North America said, “We especially appreciate the understanding of our customers in this difficult economic climate as we make every effort to limit the impact of rising costs upon product pricing.”
Hexion to Implement Price Increment

From 1st September 2009, Hexion Specialty Chemicals will increase prices for its unsaturated polyester and vinyl ester resin systems in North America by eight cents per pound.

The recent rise in base chemical feedstocks, such as styrene, has led to significant price increases for raw materials.

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