20 December 2010
20 December 2010
Reichhold, DSM, Scott Bader and AOC will all be increasing the prices of resins sold in Europe from January 2011.
AOC will impement a price increase of €150 per metric ton for all resins sold in Europe. The increase is effective January 17, 2011 on all shipments. They say that continuing raw material increases used to manufacture have increased the production costs in the past several months, and that the increased costs cannot be absorbed internally and must be passed along.
DSM Composite Resins is increasing the price of its complete portfolio of resins produced and sold as from January 10th 2011. The price of DSM Composite Resins unsaturated polyester and vinyl ester resins will be raised by €150 per ton as from January 10th 2011. Wilfrid Gambade, Business Director Composite Resins Europe & Global Markets, explains: ""In order to be able to continue our commitment on innovation and to ensure ongoing value-added services, we have to pass this increase on to our customers. ""
Reichhold will make a €100 per ton price increase, effective for all orders shipped on or after January 17, 2011 in Europe. ""Key raw material prices have continued to rise in Q4 2010 beyond our ability to absorb these additional costs and a price increase is necessary"", said Alberto Piccinotti, Reichhold commercial vice president, Composites EMEA.
Scott Bader is increasing the prices from its European production sites of all Crystic unsaturated polyester, DCPD, Crestapol and Vinyl Ester resins, plus all gelcoats, pigments, bonding pastes and Crystic Crestomer structural adhesive products by €130/te. The new prices will be applied to all invoiced orders from Thursday 20th January 2011 onwards, subject to existing customer contracts.
Malcolm Forsyth, European Commercial Director, Composites business division of Scott Bader commented: ""We are doing all we can to minimise and absorb the impact of these significant raw material price rises. However, with the latest sharp increases and the forecast of more to come in Q1 2011, we can no longer absorb them alone. We must now pass on some of these extra costs to customers in order to maintain sustainable operating business margins. Scott Bader continues to work in close partnership with our valued customers to maximize product and process efficiencies, where possible, to reduce the impact of these very necessary price increases.""