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Reichhold hikes composites products prices in NA, effective July 1
06 Jun '07
1 min read
Reichhold Inc announced a price increase of $ 0.07 per pound on all unsaturated polyester and vinyl ester resins sold in North America for the composites industry effective for all orders shipped on or after July 1.
"Raw material costs have continued to escalate, driven by tightened supply and increased demand for many of the feedstocks used to produce key raw materials," said Al Naser, Reichhold vice president of sales, composites North America.
"In addition to competing applications and global market demands, critical feedstocks are also used as fuel additives to boost octane levels. Increased raw material costs combined with increased energy and transportation costs have compelled Reichhold to implement this price increase," Naser continued.
"Reichhold is making every effort to limit the impact of these escalating costs upon product pricing and appreciates the understanding of its customers as we work through these challenging periods," Naser said.
"We continue to invest in technology and innovation to increase the value we bring to our customers and the markets they serve," he concluded.
"Raw material costs have continued to escalate, driven by tightened supply and increased demand for many of the feedstocks used to produce key raw materials," said Al Naser, Reichhold vice president of sales, composites North America.
"In addition to competing applications and global market demands, critical feedstocks are also used as fuel additives to boost octane levels. Increased raw material costs combined with increased energy and transportation costs have compelled Reichhold to implement this price increase," Naser continued.
"Reichhold is making every effort to limit the impact of these escalating costs upon product pricing and appreciates the understanding of its customers as we work through these challenging periods," Naser said.
"We continue to invest in technology and innovation to increase the value we bring to our customers and the markets they serve," he concluded.
Reichhold Inc
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