- April 24, 2002, PRESS RELEASE
DUBLIN, OH, USA—The Composite Polymers Div. of Ashland Specialty Chemical Co. is increasing the price of its polyester and vinyl ester resins, low-profile additives and gel coats by 4 cents (USD) per lb, the co. reports in a recent press release. Ashland says the price increase will be effective with shipments on and after May 13, 2002.
"The price is due primarily to rapidly escalating costs of raw materials, particularly styrene monomer, which are impacted by current global pricing instability for crude oil and its petrochemical derivatives," says Ashland. "Rising global demand for petrochemicals also adversely affects prices for other key polyester raw materials. Increasing energy costs result in higher manufacturing costs and higher transportation costs for both incoming raw materials and outgoing finished product."
More information about Ashland Specialty Chemical Co. is available at ashspec.com.