AOC Revises Price Increase for North America
November, 2007 : Collierville, TN, USA
AOC, LLC announces a $0.05 price increase on all resins, gel coats, pigments, colorants and additives for the United States, Canada and export shipments for Latin America, effective for all shipments on and after Monday, December 17, 2007.
The global demand for crude oil, continued weakening of the U.S. dollar value and geopolitical issues in oil rich countries of the world have driven crude oil prices to record levels.
Almost everyday a new record high price for West Texas Intermediate (WTI) as traded on the NYMEX occurs. WTI is approaching $100 per barrel in recent days, which is a 30 to 40 percent increase in pricing from what was seen in the summer months. In spite of record Natural Gas in storage, NG is following crude oil prices up at a time of year where prices should be falling.
These critical feed stocks used to make the raw materials for Unsaturated Polyester Resin have risen based on unprecedented energy demand and the trend will continue as raw material increases lag crude oil price changes.
AOC is committed to the principles of Six Sigma Lean and other strategies that help offset the rising costs of manufacturing unsaturated polyesters. The company continues to invest in the future of composites and cast polymers through end-use market development and new technologies for improving the customer’s competitiveness in the global marketplace.
About AOC
AOC is a leading global supplier of resins, gel coats, colorants, additives and synergistic material systems for composites and cast polymers. For more information on AOC technology, quality and service, phone Steve Martin at (901) 854-2847, e-mail SMartin@aoc-resins.com or go to www.aoc-resins.com.