The price increase of €80/tonne will take place on 11 February 2013, subject to existing customer contracts.

“Additional increases in key raw material costs from the end of 2012 and into 2013 have regrettably left us with no choice but to implement this price increase,” comments Bob Garner, European Sales Manager for Scott Bader Composites Europe.

• This news follows Ashland's announcement of a February price increase for its unsaturated polyester resins and gel-coats sold in Europe, the Middle East and Africa.