The price increases of US$0.08/lb in the USA and CN$0.17/kg in Canada will apply to all products shipped on, and after, 14 May 2011.
According to AOC, while natural gas prices continue to moderate, geopolitical events in North Africa and the Middle East coupled with the weakening of the US dollar continue to put pressure on crude oil pricing. In addition, feedstock derived from both natural gas and crude oil are being pushed higher due to supply tightness and shortages.
AOC, headquartered in Collierville, Tennessee, USA, is a global supplier of resins, gel-coats, colorants, additives and synergistic material systems for the composites and cast polymers industries.