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Reichhold Announces Price Increase on all Products for European Composites Industry17 Jan 2008 - Reichhold announced a price increase of 100 EUR per metric ton (0.10 EUR/Kg), effective for all orders shipped on or after February 01, 2008, on all of its products sold to the Composites Industry in Europe."This increase is an unavoidable response to the continuously increasing prices of all main key feedstock and raw materials utilized to manufacture Polyester Resins," explained Reichhold Vice President of Sales, EMEA, Alberto Piccinotti. Escalating crude oil prices combined with a tight balance between available raw material feedstock supplies and strong demand are driving up the cost of the raw materials in the region, according to the company. News regarding Price Development |
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