Reichhold Announces Price Increase on Unsaturated Polyester Resins and Vinyl Ester Resins Sold in North America
Reichhold, Inc. announced price increases today of $ 0.05 per pound on all unsaturated polyester and vinyl ester resins sold in North America for the composites industry. This increase is effective for all orders shipped on or after September 1.
“This price increase is required because key raw material prices continue to increase and can no longer be absorbed,” said Al Naser, Reichhold commercial vice president, Composites North America. “This price increase will not restore margins as it still does not completely offset the increased raw material costs recently incurred,” Naser continued. “This upward pressure continues to be driven by global supply and demand where supply of critical raw material precursors have been reduced due to lower refinery run rates and reduced yields as a result of the continuing trend towards lighter refinery feedstocks,” Naser stated.
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