Reichhold Announces Price Increase on all Products for European Composites Industry
"This increase is an unavoidable response to the continuously increasing prices of all main key feedstock and raw materials utilized to manufacture Polyester Resins," explained Reichhold Vice President of Sales, EMEA, Alberto Piccinotti.
Escalating crude oil prices combined with a tight balance between available raw material feedstock supplies and strong demand are driving up the cost of the raw materials in the region, according to the company.
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