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For further details see our joint press release.
AOC is increasing the price for all products, including polyester resins, vinyl ester resins, gel coats and pigments in the amount of US$0.05 per pound for all shipments to Mexico, Caribbean, Central and South America, and an increase in the amount of €100 metric ton for all products sold in Europe.
The implementation date for the increase is February 1, 2012. AOC explain that this action is due to higher prices for several raw materials. They say raw material cost increases are driven by rising demand, increased feedstock costs and a stronger export market for petrochemicals. AOC expect these conditions to continue throughout the first quarter of 2012.
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