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Both Cray Valley and AOC have announced price increases recently, coming into effect over the next two weeks.
Cray Valley will be increasing the price of its complete portfolio of resins and gel coats produced and sold in Europe, effective 1st October, or as agreements allow. Price adjustments will be €150 per ton and will be primarily based on margin recovery, after the sharp and continued raw material increases experienced in the last few months.
Philippe Vindevoghel, Cray Valley Commercial Director Composites Europe, explains: “The main raw materials, used to manufacture polyester resins (UPR) and derivatives are still on an upward trend supported by the tight supply of some feed stocks at a time where UPR margins are still at a low level”.
AOC will be making a price increase for all Vinyl Ester resins of US$0.08 per pound for all shipments within the United States and Canada. The implementation date for the increase is October 1, 2010.
Additionally, all shipments of K190 series resins will increase by US$0.30 per pound for all shipments within the United States and Canada. The implementation date for the increase is October 1, 2010. AOC say that extreme cost pressure for Chlorendic Anhydride – a significant raw material ingredient for K190 series products – is the primary cause for the increase and that additional increases are anticipated for K190 products in the future.
AOC will also be making a price increase of US$0.08/LB (US$0.18/KG) for Mexico, Central America, South America and the Caribbean for all vinyl ester resins. This is effective on all shipments on and after September 24, 2010.
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