Ashland Global, a premier global specialty chemicals company serving customers in a wide range of consumer and industrial markets, will increase the price of its portfolio of UPR and gelcoat products in Europe, the Middle East and Africa (EMEA) by €100 per metric tonnes and its portfolio of epoxy vinyl ester products by €150 per metric tonnes.

This increase will take effect February 1, 2018, or as soon as possible thereafter as contracts allow. This increase is in addition to the increase announcement of December 8, 2017. This increase is primarily driven by continued escalation of costs in key raw materials including styrene, liquid epoxy resins (LERs) and glycols.

"We continue to make these decisions with the intent to ensure that we are servicing customers with the utmost quality and performance and the ability to continue reinvesting in its product line," Ashland said in a press release. (RR)