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(jeccomposites) -- Reichhold, Inc. announced a price
increase today of USD0.06 per pound on all unsaturated polyester resins, vinyl
ester resins and flame retardant resins sold in North America for the composites
industry. This increase is effective for all orders shipped on or after
March 15th.
Bill Schramm, Vice-President Commercial North American
Composites, stated "Persistent escalation of raw material prices and a limited
supply of some raw materials continue to increase our costs, leaving us no
choice but to raise our prices. Raw material costs are expected to rise
continually through the first quarter primarily as the result of numerous
planned outages and increased demand.
Crude oil continues to trade over
USD100 per barrel and the cost spread between oil and natural gas continues to
favor the latter which yields less propylene available for conversion to many
composites raw materials. We continue to aggressively work with our
suppliers to mitigate these increases and appreciate the understanding of our
customers as we continue to do everything possible to limit the impact of rising
costs and limited raw material availability upon product pricing and
supply."
mrcplast.com |
