AKRON, OHIO - Three makers of unsaturated polyester said last week they plan to raise prices. The announcements follow one from Reichhold Chemicals Inc. of Research Triangle Park, N.C., which said Sept. 25 it is boosting prices 3 cents per pound, effective Oct. 15. Reichhold cited a general tightening of supply of key raw materials due to strong demand.
Last week, Alpha/Owens Corn-ing, Ashland Chemical Co. and Cook Composites and Polymers all announced increases of 2-3 cents per pound. The companies blamed raw material prices, particularly styrene and glycols.
Ashland's Composite Polymers Division in Dublin, Ohio, said price increases for polyester resins and low-profile additives are effective Nov. 1. Other factors for the increase include rising labor and packaging costs, and expenses associated with environmental issues, the firm said. Increases vary depending on specific resin composition.
CCP, based in Kansas City, Mo., also attributed its increase to the impact of environmental issues. Scott Kaphingst, director of marketing, said CCP is putting in new equipment to handle emissions. CCP's prices are effective Nov. 15.
AOC of Collierville, Tenn., said its price increase is effective Nov. 1. The company also announced it will raise prices for vinyl ester products 3 cents per pound, effective Nov. 1.
Dow Chemical Co. of Midland, Mich., said it is evaluating a price increase for vinyl ester.