The €100/tonne price increase is effective for all orders shipped on, or after, 1 April 2010 in Europe.
“Key raw material prices continue to escalate beyond our ability to absorb them, making a further price increase unavoidable,” says Alberto Piccinotti, Reichhold commercial vice president, Composites EMEA. “The tight supply of feedstocks, combined with strong demand in Asia, has led to a continuous upward trend of key polyester raw material prices."
Reichhold, headquartered in Research Triangle Park, North Carolina, USA, manufactures unsaturated polyester resins and supplies coating resins for the industrial, transportation, construction, marine, consumer and graphic arts markets.