Wednesday, 24 February 2010 07:49

Ashland to increase composite materials prices

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Ashland Performance Materials, a commercial unit of Ashland Inc. (NYSE: ASH), is increasing the price of its complete portfolio of unsaturated polyester resins, vinyl ester resins, gelcoats, pigments and additives sold in North America by 5 cents per pound effective March 1, or as agreements allow.

ash"Ashland makes every effort to mitigate the impact of continued rising raw material costs and other factors that influence product pricing," said Gary Landsettle, commercial vice president for North America, Ashland Performance Materials. "Responding to changing market conditions allows Ashland to continue to provide innovative products and industry-leading product support that add value for customers."

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, coatings and metal casting consumables and design services.

Ashland Inc. (NYSE: ASH) provides specialty chemical products, services and solutions for many of the world's most essential industries. Serving customers in more than 100 countries, it operates through five commercial units: Ashland Aqualon Functional Ingredients, Ashland Hercules Water Technologies, Ashland Performance Materials, Ashland Consumer Markets (Valvoline) and Ashland Distribution. To learn more about Ashland, visit www.ashland.com.

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