EXTON, Pa. (June 30, 2008) – Cray Valley plans to increase prices for its Wingtack resins on Aug. 1 or as existing contracts allow.
The 9 cents per pound price hike applies to all Wingtack resins sold throughout the Americas, and is caused by the escalation of raw material, energy and petroleum-driven costs, the firm said.
Cray Valley's tackifying resins includes Wingtack and Norsolene resins used as raw materials for coatings, adhesives, inks, elastomers and other applications.