Reichhold to raise prices in Europe on all polyester, vinyl ester resins by €100/tonne, on all gelcoat, bonding paste resins by €150/tonne, effective Feb. 1
RESEARCH TRIANGLE PARK, North Carolina
January 17, 2012
– Reichhold announces price increases effective for all orders shipped on or after February 01, 2012 in Europe.
The upward trend of the key feedstock and raw materials prices makes a price increase inevitable for our product range.
In light of this situation, we are announcing a 100 EUR/MT price increase on all Polyester and Vinyl Ester Resins and a 150 EUR/MT price increase on all Gelcoat and Bonding Paste Resins shipped on or after February 01, 2012.
While these volatile raw material market conditions continue, we will revise our specific product prices with individual customers on a monthly basis.
We appreciate our customers’ understanding of these difficult market conditions as we work to minimize the effect of rising material costs upon our product pricing.
Since these market conditions are not expected to change in the near future, these price increases are necessary to enable us to continue to make the investments required to supply high quality products, support the Composites Industry and develop innovative products to support our customers efforts to develop and improve their products and create added value.
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