AOC Announces Price Increase for Asia
December, 2007 : Collierville, TN, USA
AOC, LLC announces a USD $0.10 per kg price increase for all products shipped to customers located in Asia, effective on and after Tuesday, January 1, 2008.
The global demand for crude oil and geopolitical issues in oil-rich countries of the world have driven crude oil prices to record levels.
New record high prices for West Texas Intermediate (WTI) as traded on the NYMEX occur frequently. WTI is approaching $100 per barrel in recent days, which is a 30 to 40% 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.