The price increase of €80/tonne is effective for all orders shipped on, or after, 1 September 2012.
“The persistent escalation of raw material prices continues to increase our costs, leaving us no choice but to raise our prices," says Alberto Piccinotti, Vice-President Commercial Europe, Reichhold.
"Raw material costs are expected to remain volatile during the balance of 2012 and into 2013 given uncertainties in the global economies."
Reichhold is headquartered in Research Triangle Park, North Carolina, USA.
- Reichhold has also just announced a price increase US$0.05/lb for all unsaturated polyester, vinyl ester and flame retardant resins sold in North America for the composites industry. This takes place on 10 September.