Ashland increases resin and gelcoat prices in Europe and Asia Pacific regions

Ashland Performance Materials, a commercial unit of specialty chemical products provider Ashland Inc., is increasing the price of its unsaturated polyester resins and gelcoats sold in Europe and Asia Pacific regions by 3 to 4% effective May 1, or at the earliest possible time thereafter depending on individual customer contracts.

This price increase, according to Ashland, is driven by the recent, substantial increases in costs for certain key raw materials, including styrene.

Ashland Performance Materials is one of the global leaders in unsaturated polyester resins and epoxy vinyl ester resins.