Industry News

Reichhold Announces Price Increases for Epoxies in North America

Published on 2006-06-19. Author : SpecialChem

Reichhold, Inc. announced price increases for epoxy resins and curing agents sold to the coatings industry in North America effective for orders shipped on or after July 15, 2006.

Prices on all liquid epoxy resins will increase $ 0.08 per pound. Solution epoxy resin pricing will be increased by $ 0.06 per pound while pricing on epoxy ester resins will increase $ 0.05 per pound. Epoxy curing agents will be increased $ 0.02 - $ 0.06 per pound.

As noted earlier in June when Reichhold announced price increases for a number of other coatings resins, recent increases in the cost of key raw materials, packaging and freight costs have combined to make these increases on epoxy products necessary.

"Reichhold has worked diligently to minimize the impact of raw material increases on the products we provide," said Reichhold Specialty Resins Business Manager Bob Gilliam. "However, the increases Reichhold has absorbed from our suppliers has reached a level which mandates that we make this pricing adjustment."

"As always, we thank our customers for their patience and understanding as the entire industry contends with this volatile environment for raw materials," Gilliam concluded.

Reichhold sales representatives will contact customers regarding the impact on specific products.

Source: Reichhold, Inc.

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