04 May 2010
04 May 2010
Hexion, AOC, Reichhold, Interplastic and Cray Valley are each increasing their resin, prices, whilst Syrgis and AGY are also increasing the price of their materials.
Hexion Specialty Chemicals will increase the price for all of its polyester and vinyl ester resins for the composites market by up to $.10 (ten cents) per pound from May 3, or as contracts allow.
Reichhold will make price increase of $0.08 per pound on all unsaturated polyester and vinyl ester resins sold in North America for the composites industry, effective for all orders shipped on or after May 3.
AOC vinyl ester resins, unsaturated polyester resins and gel coats will increase US$0.08 (CDN$0.17), effective on all shipments on and after May 3, 2010, for the United States and Canada. The increase will be US$0.10 per kilo, effective on all shipments on and after May 1, 2010, for the Middle East and Asia.
Interplastic Corporation’s Thermoset Resins Division is raising the price of Silmar® and CoREZYN® brand polyester resins, gel coats, putties, and colorants $.06 per pound. CoREZYN® vinyl ester resins will increase $.08 per pound. These increases will take effect on all shipments on or after May 15, 2010.
Cray Valley is making a second price increase of 10% effective for orders shipped on or after April 19, 2010, on all unsaturated polyesters and their derivates sold to the composites and cast polymer industries in Europe, North Africa and Middle East.
Philippe Vindevoghel, Cray Valley’s Commercial Director Composites Europe, explains: ""The first increase announced earlier this year has not compensated for the sharp increase in prices of the main raw materials used to manufacture polyester resins. The tight supply of feed stocks, linked to strong Asian demand is driving all key feed stocks prices upwards. In very difficult market conditions, Cray Valley is making every effort to avoid any further increases and ensure a consistent supply of our key raw materials to guarantee security of supply to their customers. Our commercial teams throughout Europe are available to give our customers further background to this price increase.""
Syrgis Performance Initiators is implemeyting a global price increase effective June 1, 2010, or as contracts and agreements allow, for its Norox, Superox and Andonox ketone peroxide product lines sold to the composites and allied markets.
In addition, AGY is raising the price of its E-Glass yarns from May 1, 2010. The company said the increase was necessary to offset rising costs. According to Drew Walker, AGY Vice President of Sales and Marketing, “Over the last several years, we have experienced significantly rising costs in raw materials, precious metals and energy. Other costs tied to the escalating price of energy - including transportation and packaging have also increased. Given these current economic realities, we have now reached a point where we can no longer offset rising costs and need to adjust our pricing.”
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