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From the 6th February 2012, Scott Bader Europe is increasing the price for its range of Crystic polyester, DCPD based and Vinyl ester resins by 100/te.
They explain that Crystic gelcoats, Crestapol resins and Crestomer adhesives will also increase by 100/te. Pigmented gelcoats and resins will increase by a minimum of 120/te with pigment pastes increasing by a minimum of 150/te. New prices will be applied to orders invoiced or delivered on or after this date subject to existing customer contracts.
Scott Bader explain that this price increase is in response to continued rises in the costs of key oil based feedstock raw materials required for the manufacture of UPR resins, plus further rises in titanium dioxide.
Bob Garner, European Sales Manager for Scott Bader Composites Europe stated “Our business has been forced to absorb higher raw material costs as a consequence of higher crude values and tight supply of key raw materials. Regrettably we have little option but to increase prices in February given these circumstances if we are to continue investing in development and maintaining leading technology advances our customers demand. Current forecast spot and contract rates suggest a firming or even escalation of raw material rates in Qtr 1 of 2012, which may result in additional increases.”
In further news, Scott Bader Europe has recently made further capital investments to expand the gelcoats and structural adhesives mixer capacity of their UK and French plants. Two new mixers have been installed and are now fully operational.
The new mixer in the Wollaston, UK plant is designed for the production of their Crestabond range of primerless methyl methacrylate (MMA) structural adhesives, which were launched in 2010. Scott Bader have installed this additional capacity in response to the significant growth in sales and new orders over the last 18 months for both 400ml coaxial cartridges of Crestabond and bulk 20 litre pails or 200 litre drums for use with proprietary dosing machines.
In Amiens, France, an additional large volume gelcoat mixer has been installed. They say the new mixer has provided extra production capacity for the wide range of specialty Crystic gelcoats produced on the site. The additional mixer has enabled the Amiens production team to reduce lead times while handling a larger number of orders; they have seen continued growth during 2010 and 2011 for specialty Crystic gelcoats, particularly for transportation, building and marine applications.
Scott Bader explain that this capital equipment investment of over €1M is in response to both the growth in customer demand for their Crystic products and a continued long term commitment by the Company to the composites industry.
Malcolm Forsyth, Commercial Director of the European Composites Business, has commented “This major investment in additional state of the art mixing equipment for two of our key speciality product lines confirms our intention to be a major player in the European and global adhesives and gelcoat markets. It is great news for our customers, guaranteeing both the high product quality our customers rightly expect of Crystic products and the short leadtime they need to confidently plan their production requirements cost effectively.”
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