A further round of resin price hikes are to be made by resin producers, Reichhold, Hexion, PPG and DOW.
Reichhold are to make a price of $ 0.09 per pound for its unsaturated polyester resins and other products sold to the composites industry in North America. This increase is effective for all orders shipped on or after November 1, 2005. This is in addition to the previously announced increase which took effect October 1.
The Composite Polymers business of Hexion Specialty Chemicals are to make a price increase of $0.09 per pound for all Unsaturated Polyester and Vinyl Ester resins. The increase is effective for all products shipped on / or after, November 1, 2005.
PPG Industries will raise prices 6 cents per pound Nov. 1 for all fibre glass shipments in North and South America.
The Epoxy Products and Intermediates (EP&I) business of The Dow Chemical Company is increasing prices for its Glycidyl Methacyrlate (GMA) by 8 percent, and for Hydroxyethyl Acrylate (HEA) and Hydroxypropyl Acrylate (HPA) by 10 percent across all regions. The increase is effective November 1, 2005, or as contract terms allow.
All companies said the increases are necessary to help offset the persistent increases in energy and raw material costs.
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