The price increase of US$0.06/lb is effective for all orders shipped on, or after, 1 February 2013.
“Persistent volatility of feed stocks for raw materials leaves us no choice other than to raise our selling prices," states Bill Schramm, Vice-President Commercial North American Composites for Reichhold.
"Raw material costs are expected to remain volatile during 2013.”
Reichhold is headquartered in Research Triangle Park, North Carolina, USA.