(Research Triangle Park, N.C.) Reichhold, Inc. announced price increases today of $0.06 per pound on all unsaturated polyester resins and $0.09 per pound on all vinyl ester resins sold in North America for the composites industry. This increase is effective for all orders shipped on or after February 1.

“Key raw material prices continue to escalate beyond our ability to absorb these additional costs and a price increase is necessary,” said Al Naser, Reichhold commercial vice president, Composites North America. “Critical raw material prices are being driven up by global trading of feedstocks with increased demand in Asia, reduced U.S. petrochemical plant available capacity, and higher energy costs,” Naser continued.

“We appreciate the understanding of our customers as we work to limit the impact of rising costs upon product pricing,” Naser added. “At the same time we are making the investments necessary to continue the supply of innovative and high quality products and services which add value for our customers and increase their competitiveness in the markets they serve,” he concluded.

For more information on Reichhold’s technologies for the composites industry, visit www.reichhold.com or email composites@reichhold.com.

Founded in 1927, Reichhold, with its world headquarters and technology center in Research Triangle Park, North Carolina, USA, is the worlds largest manufacturer of unsaturated polyester resins and a leading supplier of coating resins for the industrial, transportation, building and construction, marine, consumer and graphic arts markets. Reichhold has manufacturing operations throughout North America, Latin America, the Middle East and Europe.