Reichhold Announces Price Increase for Unsaturated Polyester Resins Sold in US and Canada
"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."
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