Reichhold Announces Price Increase on Unsaturated Polyester Resins and Vinyl Ester Resins Sold in North America

01-19-2010: Reichhold, Inc. announced price increases of $0.06 per pound on all unsaturated polyester resins and $0.09 per pound on all vinyl ester resins sold in North America for the composites industry. This increase is effective for all orders shipped on or after February 1.

“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, Composites North America. “Critical raw material prices are being driven up by global trading of feedstocks with increased demand in Asia, reduced U.S. petrochemical plant available capacity, and higher energy costs,” Naser continued.