By David Reed, UT EditorResearch Triangle Park, North Carolina-Reichhold has announced price increases for various solvent-based and water-reducible alkyd, polyester and urethane resins sold into the North American coatings market. Specific increases include all alkyd and polyester resins and oil-modified urethanes, which will go up by $ 0.05 per pound, according to a 21 June statement issued by the firm These increases are effective for the US and Canada on all orders shipped on or after July 15, 2005, the statement added."Reichhold has made substantial investments in technology and human resources over the past years in order to assure our customers a continuous stream of new and compliant technologies," said Rodney Biddle, the firm's senior vice president global coatings. "To continue these initiatives, Reichhold must return its core business to a minimum of reinvestment profitability. Both our customers and the industry need and depend on a healthy and sustainable supplier base," his statement added"We thank our customers for their understanding and continued support and encourage them to contact their sales representatives if they have any questions regarding this increase," Biddle concluded.Reichhold's alkyds, polyester and urethanes technologies for coatings are sold under the Beckosol, Kelsol, Amberlac, Aroplaz and Urotuf trade names. For more information on these and other Reichhold products, visit www.reichhold.com or email [email protected]."
