Reichhold hikes prices on materials - Trade Only Today

Reichhold hikes prices on materials

Author:
Publish date:

Reichhold announced a general price increase of as much as 8 percent on solvent-borne, water-reducible and 100 percent solids alkyd, polyester, urethane, epoxy, epoxy curatives and acrylics.

This increase is effective for all orders shipped on or after April 15, or as contracts allow.

"This increase is necessary due to the increasing price of commodities such as crude oil, vegetable oils, steel, etc., which impact Reichhold's cost directly," the company said in a statement. "In addition, certain petrochemical and agrichemical feedstocks are demonstrating supply restrictions that are driving costs upward."

Reichhold sales representatives will contact their accounts with specific details regarding individual product price increases.

Related

E-nnovation Lab to expand at 2018 Metstrade show

The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

Aluminum, tow boats lead moderate growth in May

Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

Retaliatory tariffs on boats to EU start today

The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.