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The price increase will take effect on October 1.
September 30, 2021
By: KERRY PIANOFORTE
Editor, Coatings World
AOC announced a price increase of €100-200 per ton (depending on resin chemistry) for its entire portfolio of Unsaturated Polyester (UPR) and Epoxy Vinyl Ester (VE) resins, and its Neoxil Sizings & Binders products sold in Europe, Middle East and Africa. The price increase will take effect on October 1st, or as soon as contracts allow. AOC is seeing steep increases in energy prices, fees for logistics services (increasing as a result of reduced capacity availability), and the cost of raw materials. “In addition, the availability of key raw materials from our contract suppliers has been severely hampered and we are continuing to have to resort to other, significantly more expensive, sources. This leaves us no choice but to further raise the prices of our products as a result, realizing that supply can continue to be somewhat irregular given these additional supply routes”, explained Fons Harbers, vice president Marketing & Sales EMEA of AOC.
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