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Reichhold hikes composites products prices in NA, effective July 24
10 Jul '06
2 min read
Unsaturated polyester resins supplier Reichhold announced a price increase today of $ 0.05 per pound on all unsaturated polyester and vinyl ester resins sold in North America for the composites industry. This increase is in addition to the one announced in May and is effective for all orders shipped on or after July 24.
"This increase has been necessitated by escalating raw material costs for unsaturated polyester resins which are being driven primarily by increased and sustained crude oil prices," said Al Naser, Reichhold vice president of sales, composites North America. "Benzene prices, which have a direct impact on the cost of styrene, have continued to rise, and tight supply continues to push up the prices of phthalic anhydride, glycols, and other major raw materials," Naser continued.
"Reichhold is making every effort to limit the impact of raw material costs upon product pricing, and appreciates the understanding of its customers," Naser said. "We continue to invest in research and development along with manufacturing upgrades to meet the needs of our customers and the markets they serve," he concluded.
Founded in 1927, Reichhold will celebrate 80 years in business in 2007. With its world headquarters and technology center in Research Triangle Park, North Carolina, USA, Reichhold is the world's largest manufacturer of unsaturated polyester resins and a leading supplier of coating resins for the industrial, transportation, building and construction, marine, consumer and graphic arts markets. Reichhold has manufacturing operations throughout North America, Latin America, the Middle East and Europe.
"This increase has been necessitated by escalating raw material costs for unsaturated polyester resins which are being driven primarily by increased and sustained crude oil prices," said Al Naser, Reichhold vice president of sales, composites North America. "Benzene prices, which have a direct impact on the cost of styrene, have continued to rise, and tight supply continues to push up the prices of phthalic anhydride, glycols, and other major raw materials," Naser continued.
"Reichhold is making every effort to limit the impact of raw material costs upon product pricing, and appreciates the understanding of its customers," Naser said. "We continue to invest in research and development along with manufacturing upgrades to meet the needs of our customers and the markets they serve," he concluded.
Founded in 1927, Reichhold will celebrate 80 years in business in 2007. With its world headquarters and technology center in Research Triangle Park, North Carolina, USA, Reichhold is the world's largest manufacturer of unsaturated polyester resins and a leading supplier of coating resins for the industrial, transportation, building and construction, marine, consumer and graphic arts markets. Reichhold has manufacturing operations throughout North America, Latin America, the Middle East and Europe.
Reichhold Inc
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