AOC has today announced a price increase for its entire product portfolio sold in Europe, Middle East, Africa and India. The increase will be €100 per ton for Unsaturated Polyester-based and €250 per ton for Vinyl Ester-based products and formulations. The price increase will be effective immediately, or as soon as contracts allow.
The rapid escalation of raw material costs and deteriorating raw material availability are adversely impacting AOC’s cost of production. In addition, the European announcement of anti-dumping measures for epoxy resins with associated duties on imported materials is causing an immediate cost increase.
AOC’s global purchasing resources continue to work diligently with their network of supplier partners to manage costs, maintain supply, and meet customer needs.
“AOC is working hard to minimize the impact of the raw material cost increase, but presently we have no other choice but to raise the prices of our products”, explains Fons Harbers, Vice President Marketing & Sales EMEA of AOC.
