The price increase of US$0.08 per pound takes place for shipments on, or after, 5 February 2011.

According to Interplastic, raw material prices have continued to escalate into 2011, pushed by strong crude oil prices and increased demand in many markets. Propylene and benzene in particular are rising and affecting many polyester raw materials.

Interplastic’s Thermoset Resins Division is the manufacturer of CoREZYN and Silmar brand unsaturated polyester, vinyl ester, speciality resins, gel-coats and colorants for the cast polymer and composites industries.