The European chemical chain is undergoing further cost pressure triggered by the current persistent geopolitical and economics problems with consequent further price increases in the main oil derivatives and in the raw materials for UPR and VE.
In this scenario Polynt is forced to announce a price increase, effective September 1st, of 130 €/t on the entire UPR, gel coat, and VE resin portfolio.
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Polynt Composites has announced a price increase of €200/ton on its full range of unsaturated polyester resin (UPR), €300/t on its full range of vinylester and €100/t for its full range of gelcoats.
This sales price increase will be effective from 1 January, or as agreements allow, in Europe, Middle East and Africa, the company said.
According to Polynt, this follows an ‘extraordinary escalation’ of UPR raw materials as well as an increase in logistic costs. ‘Polynt Composites will continue to work hard to limit the impact of rising costs and raw material availability upon product pricing and supply,’ a press release said.
AOC has today announced a price increase of €100 per ton for its entire UPR portfolio and €200 per ton for its entire Epoxy Vinyl Ester (VE) portfolio sold in Europe, Middle East and Africa. The price increase will take effect for all new deliveries after 1 January 2021 or as soon as contracts allow. This price increase is in addition to the increases that were announced on 2 November 2020 and on 16 November 2020.
“The pricing of Liquid Epoxy Resin (LER) and other key raw materials has seen significant increases over the past months following outages across the globe. Also logistics costs have been increasing steadily during the last months. This leaves us no choice but to raise the prices of our products as a result,” explains Fons Harbers, Vice President Marketing & Sales EMEA of AOC.