Price Increases

Ashland Performance Materials to hike costs of UPRs and gelcoats in the EMEA Region

January 24, 2012

Ashland Performance Materials, a commercial unit of Ashland Inc., is increasing the prices of its unsaturated polyester resins (UPRs) and gelcoats portfolio sold in Europe, the Middle East and Africa (EMEA) by 100 euros per ton effective Feb. 1, 2012, or at the earliest possible time depending on individual customer contracts.

The pricing action is primarily driven by the continued escalation in costs for key raw materials, specifically styrene and TiO2, at Ashland's manufacturing units said the company.