The price increase of €75/tonne will take effect on 1 September 2012.
Ashland reports that this price increase is primarily driven by the continued escalation in costs for key raw materials at Ashland’s manufacturing units.
Ashland Performance Materials is a commercial unit of US speciality chemicals company Ashland Inc (NYSE: ASH).
- This news follows Reichhold's announcement of a 1 September price increase of €80/tonne for its unsaturated polyester resins and vinyl ester resins in Europe.