The price increase of €100/tonne takes place immediately.
AOC, a global supplier of resins, gel-coats, colorants, additives and synergistic material systems for the composites and cast polymers industries, says higher demand, increased feedstock costs and higher capacity utilisation are driving up the costs of the raw materials used in resin manufacturing.
The company, headquartered in Collierville, Tennessee, USA, warns that these pricing pressures on raw materials are projected to continue.