Reichhold Announces List and Off-List Price Increase on Castor Oil Containing Alkyd and Copolymer Resins, Solvent Based Alkyd Resins, Saturated Polyester Resins and Acrylic Resins Effective September 1, 2014
DURHAM, N.C.--(BUSINESS WIRE)--Reichhold, Inc. announced a price increase today of up to $0.15 USD per pound on all castor oil containing alkyd and copolymer resins, up to $0.055 USD per pound on all solvent based alkyd resins, up to $0.08 USD per pound on saturated polyester resins, and up to $0.10 USD per pound on all vinyl acrylic and styrene acrylic resins manufactured in the United States and Canada. This increase is effective for all orders shipped on or after September 1st. Buyers seeking to determine the increase applicable to their specific products should contact their Reichhold sales representative.
“Increases to the cost of raw materials necessitates an increase on our selling prices. We appreciate your business and will continue to do everything possible to minimize the impact of rising raw material costs upon product pricing.”
Julie Fuell, Sales Director North American Coatings, stated, “Increases to the cost of raw materials necessitates an increase on our selling prices. We appreciate your business and will continue to do everything possible to minimize the impact of rising raw material costs upon product pricing.”
Founded in 1927, Reichhold, with its world headquarters and technology center in Durham, North Carolina, USA, is one of the world’s largest manufacturers 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, Europe, the Middle East and Asia.
Reichhold’s coatings brands impacted by this increase include:
|AMBERLAC® Alkyd Copolymers||BECKOSOL® Solventborne Alkyds|
|AROLON® Styrene Acrylics||SYNTHEMUL® Vinyl Acrylics|