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Canada:Reichhold raises price of unsaturated polyester
resins sold in US and Canada from Mar 21, 2005 |
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2005-2-25
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Reichhold announced a price increase today of $ 0.04 per pound on all unsaturated polyester resins sold in the United States and Canada, effective for orders shipped on or after March 21.
"Key unsaturated polyester raw materials continue to increase following the rapid and dramatic changes we saw in 2004," said Bill Schramm, North American business director for Reichhold''s composites business.
"The industry supply of maleic anhydride remains tight due to a recent shutdown of one supplier," he explained. "Furthermore, benzene prices have continued to escalate, with a direct effect on the price of styrene, a key unsaturated polyester raw material. "In addition to our raw material costs, continued high costs for natural gas are driving producers'' manufacturing costs up."
"Reichhold works to continuously improve the products and services we provide to the composites industry," Schramm continued "We sincerely appreciate our customers'' patience at a time when the entire industry is impacted by the rising costs of raw materials." |
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