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Reichhold: Price increase in Europe from April

Reichhold (Research Triangle Park, North Carolina / USA; www.reichhold.com) has announced a EUR 100/t price increase for all products sold in Europe, effective 1 April 2010. Alberto Piccinotti, commercial vice president of the company’s composites business in Europe, the Middle East and Africa (EMEA), said the price hike was unavoidable because of higher raw material costs.

“The tight supply of feedstocks, combined with strong demand in Asia, has led to a continuous upward trend of key polyester raw material prices,” he stated.

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