OREANDA-NEWS. Ashland today announced it will increase the price of its complete portfolio of unsaturated polyester resins, epoxy vinyl ester resins and gelcoats in Europe, the Middle East and Africa (EMEA) by 100 Euros per metric ton. Iso-Phthalic based resins will be increased with an additional 100 Euros per metric ton.

This increase will take effect March 15, 2017. or as soon as possible thereafter as contracts allow.

This price increase, which is in addition to multiple other increases over the past three months, is primarily driven by the continued escalation in costs for key raw materials at Ashland's manufacturing units. Responding to changing market conditions allows Ashland to continue to provide innovative products and industry-leading support that add value for customers.

Ashland Global Holdings Inc. (NYSE: ASH) is a premier global specialty chemicals company serving customers in a wide range of consumer and industrial markets, including adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. At Ashland, we are 6.000 passionate, tenacious solvers - from renowned scientists and research chemists to talented engineers and plant operators - who thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Ashland also maintains a controlling interest in Valvoline Inc. (NYSE: VVV), a premium consumer-branded lubricant supplier.