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

NMMA Confirms Industry Growth

NMMA president Frank Hugelmeyer said the boating business grew 12 percent last year during yesterday’s virtual State of the Boating Industry address.

Newport Show Dates Announced

Organizers are planning for an in-person Golden Anniversary edition of the show Sept. 16-19.

Quick Hits: March 5, 2021

The National Association of Manufacturers names Brunswick Corp. CFO Ryan Gwillim to its Board of Directors.

Caught Red-Handed

Two commercial fishermen were jailed for possessing an illegal haul that included 100 undersized lobster tails, which is a felony. Also, fisheries management gets new funding.

Bennington Expands Operations

The pontoon builder plans to add jobs at its new facility in Elkhart County, Ind., and increase manufacturing output.

KVH Industries Names CFO

Longtime telecom financial executive Roger A. Kuebel assumes the position that COO Brent Bruun had held in an interim capacity.