Hexion will raise resin prices

Posted on 17 July 2008
Written by Mike Trocchi

The U.S. composite resins business of Hexion Specialty Chemicals will increase the price of all unsaturated polyester and vinylester resins by 8 cents per pound, effective for products shipped on or after Aug. 15.

Hexion is the second company this week to announce higher resin prices. Cook Composites & Polymers will also raise prices next month. The increase reflects the continued escalation of energy and chemical intermediate costs, according to Columbus, Ohio-based Hexion.

Hexion’s composite polymers business produces a range of unsaturated polyester resins and vinylester resins for use in reinforced composites and cast polymer products in a variety of markets, including transportation, construction, infrastructure, marine and consumer goods.