Reichhold announced a price increase of 6 cents per pound on all unsaturated polyester and vinylester resins sold in North America for the composites industry.
This increase is effective for all orders shipped on or after April 11.
"At the same time we are making the investments necessary to continue the supply of innovative and high-quality products and services which add value for our customers and increase their competitiveness in the markets they serve," said Al Naser, Composites North America commercial vice president, in a statement.
"Raw material prices and freight rates continue to escalate beyond our ability to absorb these additional costs, and a price increase is necessary," he added. "Feedstock restrictions, global supply and demand, geopolitical events and the price spread between crude oil and natural gas have all combined to drive up the prices of our key raw materials."