Reichhold Announces List & Off-List Price Increases on Liquid Coating Resins Sold in North America
Specific increases include prices on all solvent-borne acrylics, alkyd and polyester resins, oil-modified urethanes, epoxy resins and epoxy esters and polyurethane dispersions, which will go up $ 0.06 - 0.10 per pound. Epoxy curing agents will increase 6%. The precise amount of the increase will be determined based on the effect of the raw materials on the specific chemistries.
According to Tony Rende North America Coatings Business Director, "Reichhold and the resin industry in general continue to experience very tight raw material supply and a dramatic increase in the price for petroleum and natural gas based raw materials. The steep rise in natural gas has also increased the overall cost of manufacturing. Based on the forecasts for these feed stocks and the in-use capacity of our suppliers, we do not expect any near term relief from this situation. Reichhold continues to look at ways to mitigate these increases, however at this time we are left with no choice but to pass along these unprecedented raw materials price increases."
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.