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Following recent increases by other resin manufacturers, Dow and Ashland are also increasing their prices.
Dow is increasing prices on all grades of Derakane Epoxy Vinyl Ester Resins by $0.04 per pound in North America. The increases are effective February 16, 2004, for all customers, or as contracts allow.
Mark Siebert, global business director for composites at Dow, said the price increase is necessary to offset ever-escalating energy, packaging, transportation and raw material costs.
He said the increase will also allow Dow to continue investing in product development to support market growth. “”We are fully committed to providing high quality, innovative resins to strengthen the performance needs and capabilities of our customers. The higher cost structure requires that we adjust our pricing so we can continue investing in support of the business.””
Ashland Specialty Chemical Company is also increasing, the price of its unsaturated polyester resins, epoxy vinyl ester resins, low-profile additives and gel coat products by 4 cents per pound. This price increase will be effective with shipments on and after February 15, 2004. This increase is also said to be the direct result of continued increases in the cost of raw materials, energy, transportation and packaging.
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