Reichhold Announces General Price Increase for Coating Resins Sold in North America
"The prolonged rise of raw material, energy and transportation costs, particularly the extreme escalation of natural gas prices, has resulted in significant margin erosions for our business," said Wolfgang Regele, vice president for Reichhold's Global Coating and Performance Resins business. "With industry analysts predicting no immediate relief, we must take action to return this business to profitability levels that justify the continued reinvestment in facilities and new technology development," Regele concluded.
Most read news
Topics
Organizations
Other news from the department price development
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.