NAVI MUMBAI, India – Ashland Performance Materials, a commercial unit of Ashland Inc. (NYSE: ASH), is increasing the price of its unsaturated polyester resins, vinyl ester resins and gelcoats produced and sold in India by 3 to 5 percent effective Aug. 1, 2009, or at the earliest possible time thereafter depending on individual customer contracts.
This price increase is driven by the recent, substantial increases in costs for certain key base raw materials. Responding to changing market conditions allows Ashland to continue to provide innovative products and industry-leading product support that add value for customers. People interested in learning more about Ashland’s resins and gelcoats should contact Nikunj Mehta, Ph.D., business development manager, at +91-22-6148 9600.
Ashland Performance Materials is the global leader in unsaturated polyester resins and epoxy vinyl ester resins. In addition, it provides customers with leading technologies in gelcoats, pressure-sensitive and structural adhesives, and metal casting consumables and design services.