AOC LLC (Collierville, Tenn.) has announced a $0.07/lb price increase on all resins and gel coats exported from the United States, effective for all shipments beginning April 21, 2008.
Crude oil as traded on the NYMEX has reached a new milestone and is now trading in excess of $100 per barrel on a daily basis as demand continues to rise. Natural gas costs are also rising as consumption has increased and storage inventories have declined due to North America experiencing one of the coldest winters in recent times. Critical feedstocks used to make the raw materials for unsaturated polyester resin have risen, and the trend will continue as raw material increases lag crude oil and natural gas price changes.
AOC is committed to the principles of Six Sigma Lean and other strategies that help offset the rising costs of manufacturing unsaturated polyesters. The company continues to invest in the future of composites and cast polymers through end-use market development and new technologies for improving the customer's competitiveness in the global marketplace.