Reichhold Announces Price Increase for Composites Products in North America

24-May-2006

Reichhold, Inc. announced a price increase today of $ 0.03 per pound on all unsaturated polyester resins (UPRs) sold in North America for the composites industry. This increase is effective for all orders shipped on or after June 15.

"This increase has been necessitated by escalation of the costs of key raw materials which comprise unsaturated polyester resins due to increased and sustained crude oil prices as well as tightness of supply for ethylene and propylene and their derivatives as a result of a fire in April at the Huntsman Port Arthur, Texas olefins manufacturing plant," said Al Naser, Reichhold Vice President of Sales, Composites North America.

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