Hexion will raise resin prices

Author:
Updated:
Original:

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.

Related

Patrick Industries Acquires Taco Metals

The components manufacturer had been family-owned for 60 years.

Consumers Say E15 Warning Labels Are Ineffective

A new poll shows that current branding efforts do not adequately warn consumers to the risk and legality of using the blended fuel with certain engines.

Silent-Yachts’ New Project

The Austrian solar yacht outfit will use VW’s electric drive system on a vessel to be drawn by Spanish car brand Cupra.

Industry Mourns Christopher Ramirez

A regional sales manager at Garmin, Ramirez died suddenly at age 35 last month.

Quick Hits: December 1, 2020

Freedom Boat Club announces 250th location; ShoreMaster/Hydrohoist acquires Neptune Boat Lifts; MarineMax names brand manager; and Arkansas scientists study fishing license increase.

Our Great Lakes Are Battered and Need Help

The eight-state region that accounts for one-third of annual boat sales has seen unprecedented damage from high waters. A bipartisan legislative effort looks to protect the region and its small businesses.

Boat Demand Remains Strong, But Inventory Shortages Prevail

Dealers worry that the absence of new boats is driving up prices.

Electric Boat Company Completes IPO Process

Canada-based e-mobility outfit Vision Marine raises $27.6 million to reinvest in its line of electric vessels and 180-hp, E-Motion outboard.

Besenzoni Introduces Electric-Powered Gangways

The company says it will introduce electric power across its line of ladders, tender lifts and more.