Reichhold, the world’s largest manufacturer of unsaturated polyester resins and a leading supplier of coating resins, has announced a price increase of $ 0.05-0.10 per pound on all bromine containing flame retardant resins.
The increase in selling price applies to all products sold in the US and Canada, the company said on its website.
The price increase will be effective for all orders shipped on or after August 15, 2015.
“Recent increases to the cost of bromine and bromine containing raw materials leaves us no choice other than to raise our selling prices,” stated Bill Schramm, vice president Commercial North American Composites.
“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,” he added.
Headquartered in Durham, North Carolina, US, Reichhold has manufacturing operations throughout North America, Latin America, Europe, the Middle East and Asia. (RKS)