The price increase of €100 per ton takes place on 1 July 2011, depending on individual customer contracts.

Ashland says the price increase is primarily driven by the continued rapid escalation in costs for key raw materials and utilities at Ashland’s manufacturing units.

Ashland Performance Materials, a commercial unit of Ashland Inc, USA, is a global supplier of unsaturated polyester resins and epoxy vinyl ester resins, gel-coats, and adhesives.