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The company will be increasing the price of its complete portfolio of resins and gel coats produced in Europe, for all deliveries as from 1st of April, or as agreements allow. Price adjustments will be €150 per ton, due to the continued raw material increases and current shortages of several polyester building blocks – as unveiled on the 11th of March 2011.
Philippe Vindevoghel, Business Director Composites Europe, explains: “we are currently experiencing an unprecedented increase of raw materials used to manufacture polyester resins (UPR), due to several big turnarounds in petrochemicals plants (DCPD, glycols, …), some Force Majeure of key intermediates (Maleic, …) and also some long term unbalanced supply (TiO2, isophthalic, …)”. On the top of all these issues, the continued price increase of Naphtha should lead to further increase of petrochemical intermediates, such as styrene.
In very difficult market conditions, Cray Valley is making every effort to avoid any further increases and ensure a consistent supply of key raw materials and guarantee security of supply to customers. Cray Valley’s commercial teams are available to give customers further background to this price increase.
About Cray Valley
Part of Total's Chemicals branch, the group formed by Cray Valley, Cook Composites & Polymers and Sartomer is the leading resins manufacturer in the world, with sales of 1.9 billion Euros in 2010 and 3600 employees worldwide.