Skip to main content

Gelcoat, resin prices go up again

Cook Composites and Polymers announced an 8 cent per pound price increase for all gel coats, unsaturated polyester and vinyl ester resins. All materials packaged in steel containers will increase an additional 4 cents per pound. The new pricing is effective with shipments made on or after Aug. 4.

This is in addition to the price increases announced last month. On June 6, the Kansas City, Mo.-based company announced a 10 cent per pound price increase for all unsaturated polyester and vinylester resins, and an increase of 12 cents per pound for gelcoat products.

Increases in steel, raw materials and energy dictate the need for additional price increases for the manufacture, packaging and shipment of CCP’s gelcoats, unsaturated polyester and vinylester resins, according to the company.

“These critical resources remain volatile and require us to pass on these advances to our customers,” CCP said in a statement.

Additionally, rising transportation fees for the shipment of both raw materials and finished goods, coupled with increasing crude oil and fuel surcharges continue to affect the industry.

CCP says it is “doing everything within our power to contain” rising costs. “CCP acknowledges the impact these costs have on our customers, but unfortunately do not anticipate relief in the foreseeable future,” the company said.

Related

1_LIMESTONE

Limestone Secures Financing for Expansion

The company said the $6 million in credit will be used to improve its Tennessee manufacturing facility and buy new equipment.

1_MCKENZIE

Mastry Marine Names Repower Center

St. Augustine, Fla.-based McKenzie Marine is the engine distributor’s latest designated Suzuki Repower Center.

1_VANDERBILT

Vanderbilt Ships First Pontoon

The company said the 700T Series was the first model shipped from its new Fort Wayne, Ind., factory and was delivered to The Marina in Angola, Ind.

1_CHIPS.ACT

NMMA Celebrates CHIPS Act

The legislation aims to return semiconductor manufacturing to the U.S. and allows businesses to deduct R&D costs in the same year they are incurred.

1_COX

Cox Marine Hires Sales and Support Staff

The diesel outboard builder this week brought aboard a new regional sales director, regional sales manager and an aftersales manager.

1_DEALEROUTLOOK

Boating Interests Lose Wind Farm Battle

The Ohio Supreme Court has ruled that a proposed wind farm off the Cleveland, Oh., waterfront meets planning requirements.

1_INFLATION.JULY

July Inflation Data Lags June

Consumer Price Index results may indicate that inflation has peaked, and Producer Price Index data was below market expectations.

1_YAMAHA

Yamaha Posts Higher Sales, Profit

The company’s first half 2022 net sales increased to $1.93 billion, and segment income rose to $330 million.