Cray Valley: Second Price Increase on Resins for Composites
Cray Valley announced a second price increase of 10%, unless specific agreement, effective for all orders shipped on or after April 19, 2010, on all UPRs and their derivates sold to the Composites and Cast Polymer Industries in Europe, North Africa and Middle East.
Philippe Vindevoghel, Commercial Director Composites Europe, explains: "The first increase announced earlier this year has not compensated for the sharp increase in prices of the main raw materials used to manufacture polyester resins. The tight supply of feed stocks, linked to strong Asian demand is driving all key feed stocks prices upwards In very difficult market conditions, Cray Valley is making every effort to avoid any further increases and ensure a consistent supply of our key raw materials to guarantee security of supply to their customers. Our commercial teams throughout Europe are available to give our customers further background to this price increase."
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