The price increase of €150 per ton will come into effect on 1 October, or as agreements allow.

According to Philippe Vindevoghel, Cray Valley Commercial Director for Composites, Europe: “The main raw materials used to manufacture polyester resins (UPR) and derivatives are still on an upward trend supported by the tight supply of some feed stocks at a time where UPR margins are still at a low level.”

Cray Valley is part of Total's Chemicals branch.