Ashland Chemical Co. and Reichhold Chemicals Inc. are increasing prices for unsaturated polyester resins. Ashland plans to announce on April 15 an increase of 2-3 cents per pound, effective with April 22 shipments. The Dublin, Ohio-based company cited recent raw material prices increases on styrene monomer and propylene glycol as the reason for the hike.
Reichhold, with headquarters in Research Triangle Park, N.C., announced April 10 an increase of 2-3 cents per pound for polyester products. The increase is effective with April 15 shipments. A Reichhold spokesman also cited raw materials price increases as the reason for its announcement.
Meanwhile, two other unsaturated polyester producers are considering whether to follow suit. Spokesmen from the Silmar Resins Division of Interplastic Corp. of Minneapolis and Alpha/Owens-Corning in Collierville, Tenn., said on April 11 that their companies are studying the market and raw material costs and have not decided yet whether to raise prices.