Reichhold: Price Increase on unsaturated polyester resins and vinyl ester resins for European composites industry

Reichhold recently announced a price increase effective for all orders shipped on or after September 1, 2012 in Europe of 80 EUR/MT on all unsaturated polyester resins and vinyl ester resins.

Alberto Piccinotti, Vice-President Commercial Europe, stated: "The persistent escalation of raw material prices continues to increase our costs, leaving us no choice but to raise our prices. Raw material costs are expected to remain volatile during the balance of 2012 and into 2013 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."