Reichhold announces resin prices increases in North America

Reichhold, Inc. announced a price increase today of $0.05 per pound on all unsaturated polyester resins, vinyl ester resins and flame retardant resins sold in North America for the composites industry. This increase is effective for all orders shipped on or after September 10th.

Bill Schramm, Vice-President Commercial North American Composites stated “Persistent escalation of raw material prices continue 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 continue to aggressively work with our suppliers to mitigate these increases and appreciate the understanding of our customers as we continue do everything possible to limit the impact of rising costs and limited raw material availability upon product pricing and supply.”