Resin producers post price increases

Three U.S. based resin formulators, AOC, Reichhold, and Interplastic, cite raw material costs as the culprit in the increases.

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Three U.S.-based resin formulators and producers announced last week the need to raise resin prices in the wake of changes in volatile raw materials markets.

AOC LLC (Collierville, Tenn.) announceed a price increase of $0.07/lb in the U.S. and CN$0.14/kilo in Canada for all products shipped on or after Dec. 1, 2012.

AOC also announced a price increase of $0.05/lb for all products sold in Mexico. This increase is effective today (Nov. 13, 2012).

These actions, says the company, were necessitated by rising prices for raw materials, which have increased significantly over the last several weeks. Volatility reportedly is unprecedented, and AOC expects it to remain so for aromatic feedstocks, such as benzene. Through its global purchasing resources, AOC intends to continue work with its suppliers in an effort to to manage costs, and says it is well positioned to take care of its customers’ needs.

For more information, contact AOC's Leslie Beck, Tel: (901) 854-2318; E-mail: lbeck@aoc-resins.com; Web site: www.aoc-resins.com.

At Interplastic Corporation’s Thermoset Resins Division (St. Paul, Minn.), Steve Wetzel, national sales manager, and Daryl Francis, business manager – West, announced that the company is raising the prices of its trademarked CoREZYN and Silmar brand polyester and vinyl ester resins, gel coats, colorants and putties by $0.06/lb. This increase will take effect on all shipments on or after Dec. 1, 2012.

The pair said that costs have escalated rapidly on several key polyester raw materials, especially styrene, because of a shortage of benzene and other aromatic feedstocks. Shortages are the result of unplanned plant outages due to Hurricane Isaac and to a lack of imports. In addition, the company noted that some key glycols are in short supply. Interplastic says it continues to work with key suppliers to minimize the impact of these costs and their effect on its customers.

For more information contact Bobbi Jensen, marketing communications, Interplastic Corp., Tel.: (651) 481-6860; E-mail: bjensen@interplastic.com; Web site: www.interplastic.com.

Reichhold Inc. (Research Triangle Park, N.C.)  announced a price increase of $0.06/lb on all of its 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 Dec. 3, 2012.

Bill Schramm, VP, commercial North American composites, said, “Persistent escalation of raw material prices continues to increase our costs, leaving us no choice other than to raise our selling 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 to do everything possible to limit the impact of rising costs and limited raw material availability upon product pricing and supply.”

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