Reichhold Inc. announced a price increase of 4 cents per pound on all unsaturated polyester and vinylester resins sold in North America for the composites industry.
This increase is in addition to a previous price increase on vinylester resins and is effective for all orders shipped on or after Nov. 8.
“Key raw material prices continue to escalate beyond our ability to absorb these additional costs, and a price increase is necessary,” said Al Naser, Reichhold commercial vice president of Composites North America, in a statement.
“Raw material prices have continued to increase due to tight supply of critical feedstocks, global supply and demand, and less favorable yields of critical feedstocks as North American refineries are using natural gas rather than crude oil as the favored primary feed due to more favorable economics,” he added.
