RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Reichhold, Inc. announced a price increase today of $0.06 per pound on all unsaturated polyester resins, vinyl ester resins and flame retardant resins sold in North America for the composites industry. This increase is effective for all orders shipped on or after December 3rd.
Bill Schramm, Vice-President Commercial North American Composites, stated, “Persistent escalation of raw material prices continues to increase our costs, leaving us no choice other than to raise our selling prices. Raw material costs are expected to remain volatile during the balance of 2012 and into 2013 given uncertainties in the global economies. We continue to aggressively work with our suppliers to mitigate these increases and appreciate the understanding of our customers as we continue to do everything possible to limit the impact of rising costs and limited raw material availability upon product pricing and supply.”
For more information on Reichhold’s technologies for the composites industry, visit www.reichhold.com or email composites@reichhold.com.
About Reichhold
Founded in 1927, Reichhold, with its world headquarters and technology center in Research Triangle Park, North Carolina, USA, is the world’s largest manufacturer of unsaturated polyester resins and a leading supplier of coating resins for the industrial, transportation, building and construction, marine, consumer and graphic arts markets. Reichhold has manufacturing operations throughout North America, Latin America, the Middle East Europe and Asia.
Reichhold’s composite brands are:
POLYLITE® All standard Reichhold resin products for composites, for both reinforced and non-reinforced applications
HYDREX® High-performance vinyl ester resins designed specifically for excellent hydrolytic stability in applications such as boat building and spa manufacturing
NORPOL® Compounded products, chiefly gelcoats and bonding pastes; also the brand for LP-additives for SMC/BMC and pultrusion
DION® Industrial resin products (especially vinyl ester resins), including those for corrosion-resistant, flame-retardant and pultrusion applications; also the brand for higher performance polyester resins across all markets
ENVIROLITE® “GREEN” products containing renewable and/or recycled materials