AKRON, OHIO - Two makers of epoxy resins have announced plans to increase prices. Dow Plastics said Sept. 5 it is increasing prices of select epoxy resins. Its price hikes, which range from 4-6 cents per pound, depending on the material, are due to take effect Oct. 1.
Dow said its D.E.R. 600 series solid-solution epoxy and 700 series epoxy glycol resins will increase 4 cents a pound; its D.E.R. 600 series solid epoxy and 300 series liquid epoxy resins will increase 6 cents a pound.
Dow last increased epoxy resin prices in October 1995.
Dow, a business group of Dow Chemical Co., is based in Midland, Mich.
Ciba Resins also announced price increases for its high-molecular-weight, solid epoxy resins and resin solutions.
HMW solid epoxy resins will increase 8-10 cents per pound, and HMW solid epoxy resin solutions will increase 5-20 cents a pound.
Ciba said the new prices take effect immediately. Ciba attributes the action to increases in raw materials - specifically epichlo-rohydrin and allyl chloride - and production costs.
Ciba Resins is a business unit of Ciba Polymers, a Brewster, N.Y.-based unit of Ciba-Geigy Corp. Ciba is a subsidiary of Ciba-Geigy Ltd. of Basel, Switzerland.
Joe McDermott, president of consulting firm Composites Services Corp. of Cresskill, N.J., said there has been good demand for epoxy resins in composite markets such as electronics, construction and aerospace.
``These are not huge-volume markets, but they are valuable,'' he said.
Seattle-based Boeing Co., for instance, on Sept. 3 announced 68 orders for new airliners worth $6.3 billion. Earlier, McDonnell Douglas Corp. of St. Louis said it gained about $700 million in new orders.
McDermott also said tooling costs have increased because of certain specifications needed, and supplies have been short in some markets.
``The high-performance golf club market is going crazy. In some cases, companies have been fighting to get last year's supply,'' he said.
Golf club shaft makers wrap pieces of prepreg material, usually consisting of carbon fiber and epoxy, around a removable mandrel and vary the angles for strength.