Reichhold, Interplastic, Cook Composites and Polymers, AOC and Hexion will all be making price increases of $0.03 per pound on resins sold in North America for the composites industry.
Reichhold will be making a price increase of $ 0.03 per pound on all unsaturated polyester resins sold in North America for the composites industry, effective for all orders shipped on or after June 15. “This increase has been necessitated by escalation of the costs of key raw materials which comprise unsaturated polyester resins due to increased and sustained crude oil prices as well as tightness of supply for ethylene and propylene and their derivatives as a result of a fire in April at the Huntsman Port Arthur, Texas olefins manufacturing plant,” said Al Naser, Reichhold Vice President of Sales, Composites North America.
Cook Composites and Polymers will implement a $0.03 per pound price increase for its gel coat and unsaturated polyester resin products effective on all orders shipped on or after June 19, 2006. According to CCP’s Vice President for Composites, Paul Colonna, “There have been gradual increases in raw materials costs over the past few months that now necessitate a price increase. Materials primarily involved are phthalic acid, diethylene glycol, neopentyl glycol, and styrene. Ongoing increases in transportation, energy, and packaging costs have also reached a level that can no longer be absorbed.”
AOC will increase prices by US $0.03 per pound on all products sold in the United States and Canada shipped after June 16, 2006.
The Composite Polymers business of Hexion Specialty Chemicals will make a price increase of $0.03 per pound for all Unsaturated Polyester and Vinyl Ester resins, effective for all products shipped on or after, June 19, 2006.
Interplastic Corporation’s Thermoset Resins Division is raising the prices of CoREZYN and Silmar brand products $0.03 per found for shipments on or after June 17, 2006. This includes all vinyl ester, polyester, specialty resins, gel coats, colorants, and putties.
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