Reichhold have announced a price increase effective for all orders shipped on or after February 1, 2013 in Europe of 90 EUR/MT on all unsaturated polyester resins, vinyl ester resins and ancillary products.
Alberto Piccinotti, Vice-President Commercial Europe stated;
The sharp increase in raw material prices leave us no choice but to raise our prices immediately. Raw material costs are expected to remain volatile for the foreseeable future given uncertainties in the global economies. We appreciate the understanding of our customers as we continue doing everything possible to limit the impact of rising costs and limited raw material availability upon product pricing and supply.
The company have also announced a general price increase of 5% on all coating resins sold in North America effective for orders on or after February 15th 2013.