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Ashland to Increase Resin & Gelcoat prices

Ashland Performance Materials, a commercial unit of Ashland Inc. is increasing the prices of its unsaturated polyester resins and gelcoats.

The prices will be increased by 100 euros per ton effective Feb. 1, 2012 and will affect products sold in Europe, the Middle East and Africa.

As with all the other resin companies putting the prices up this month, Ashland said that the action is primarily driven by the continued escalation in costs for key raw materials, specifically styrene and TiO2, at Ashland’s manufacturing units.

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