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Rising costs in the composite industry

Dear Valued Customers,

Currently there is several factors in the composite industry worldwide that are pushing prices of all resins and glass products. This is an international trend at the moment and at this stage it is not known how long these price highs will last. Unfortunately, Trojan cannot absorb these price rises, and we will need to increase prices of all resin and glass products effective from March 2021.

Supply lines for Polyester, Vinylester and Epoxy raw materials is now very tight in supply. Many large raw material manufacturers are calling force majeure and not suppling throughout the world. Several Styrene Monomer plants have closed causing a worldwide shortage of Styrene in the market, both of these factors are directly responsible for sharp increases in pricing.

Fibreglass roving supply worldwide is at an all time low, Jushi one of the worlds biggest roving suppliers has made several price rises over the last few weeks, and with a strong push from them to look after their domestic market this is reducing export numbers worldwide, causing supply problems and slow export times.

We will continue to monitor market pricing and supply trends and will do our up-most best to continue supply to all of our customers. At this stage we have a good supply line coming into the country and production levels are still the same.

New pricing will be effective immediately on our online store platform. Trade account customers will be issued with revised pricing effective for March this week.

We appreciate your understanding during these trying times and valued your continued business. If you have any further questions, please feel free to contact our office.

Kind Regards, The Trojan Team

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