The price increase of US$0.04/lb is effective for all orders shipped on, or after, 8 November 2010.
“Key raw material prices continue to escalate beyond our ability to absorb these additional costs and a price increase is necessary,” says Al Naser, Reichhold commercial vice president, Composites North America. “Raw material prices have continued to increase due to tight supply of critical feedstocks, global supply and demand, and less favourable yields of critical feedstocks as North American refineries are using natural gas rather than crude oil as the favoured primary feed due to more favourable economics.”
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, and various other markets.