The price increase of US$0.06/lb will take place on 15 March 2012.

AOC says this action is because of price increases for several raw materials, which are driven by rising demand, increased feedstock costs, planned outages and a stronger export market for petrochemicals.

These conditions are expected to continue throughout the first quarter of 2012, notes AOC.

AOC, headquartered in Collierville, Tennessee, is a global supplier of resins, gel-coats, colorants, additives and synergistic material systems for the composites and cast polymers industries.