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Ashland Performance Materials, a commercial unit of Ashland Inc., is increasing the prices of its complete portfolio of unsaturated polyester resin, gelcoat and epoxy vinyl ester resins in Europe, the Middle East and Africa by 75 euros per ton.
This increase will take effect October 1, 2013, or at the earliest possible timing depending on customer contracts.The pricing action is primarily driven by the continued escalation in costs for key raw materials at Ashland's manufacturing units. Responding to changing market conditions allows Ashland to continue to provide innovative products and industry-leading support that add value for customers.About Ashland Performance Materials:Ashland Performance Materials is the global leader in unsaturated polyester resins and epoxy vinyl ester resins. In addition, it provides customers with leading technologies in gelcoats, pressure-sensitive and structural adhesives, coatings and elastomers.About Ashland:In more than 100 countries, the people of Ashland Inc. provide the specialty chemicals, technologies and insights to help customers create new and improved products for today and sustainable solutions for tomorrow. Our chemistry is at work every day in a wide variety of markets and applications, including architectural coatings, automotive, construction, energy, food and beverage, personal care, pharmaceutical, tissue and towel, and water treatment. More information:www.ashland.com