The price increase of 9 cents per pound is effective 1 June 2010, or as agreements allow, and includes Ashland's Derakane™, Hetron™, AME™, Arotool™ and Aroguard™ resins.
“This action is necessary to respond to the changing market and cost increases driven by global supply imbalances in key raw materials,” says Todd Hritz, global product director for vinyl esters, Ashland Performance Materials. “We work diligently to mitigate these issues for our customers by leveraging our extensive global supply network.”
Ashland Performance Materials, a business unit of Ashland Inc (NYSE: ASH), USA, produces unsaturated polyester resins and epoxy vinyl ester resins.