The price increase of US$0.06/lb is effective for all orders shipped on, or after, 20 December.

“Key raw material prices continue to escalate beyond our ability to absorb these additional costs and a price increase is necessary,” says Al Naser, Reichhold commercial vice president, Composites North America.

“Critical feedstock prices have risen driven by the price of crude oil; feedstock demand has increased in China; and supply restrictions due to operating difficulties in several regions of the world have all contributed to apply upward pressure on the prices of many of our key raw materials,” he adds. “Furthermore, the continued spread between natural gas and crude oil prices has caused the yields of critical feedstocks to be significantly reduced at many North American refineries."

Reichhold, headquartered in Research Triangle Park, North Carolina, USA, manufactures unsaturated polyester resins and supplies coating resins for the industrial, transportation, construction, marine, consumer and graphic arts markets.