The price increase of US$0.06 per pound is effective for all orders shipped on, or after, 11 April 2011.
“Raw material prices and freight rates continue to escalate beyond our ability to absorb these additional costs and a price increase is necessary”, reports Al Naser, Reichhold commercial vice president, Composites North America. “Feedstock restrictions, global supply and demand, geopolitical events, and the price spread between crude oil and natural gas have all combined to drive up the prices of our key raw materials.”
Reichhold, headquartered in Research Triangle Park, North Carolina, USA, manufactures unsaturated polyester resins and supplies coating resins for the industrial, transportation, building and construction, marine, consumer and graphic arts markets.