The price increase of US$0.05/lb is effective for all orders shipped on or after 8 March 2010.

“Key raw material prices continue to escalate beyond our ability to absorb these additional costs and a price increase is necessary,” says Al Naser, Reichhold commercial vice president, Composites North America.

“We continue to experience upward pressure on raw material prices driven by reduced North American petrochemical capacity, strong demand in Asia for the same feedstocks used to produce our key raw materials, and less favorable yields of critical feedstocks such as benzene and propylene as North American refineries are using natural gas rather than crude oil as the favored primary feed due to more favorable economics,” he adds.

Headquartered in Research Triangle Park, North Carolina, USA, Reichhold manufactures unsaturated polyester resins and supplies coating resins for the industrial, transportation, building and construction, marine, consumer and graphic arts markets.