Jacksonville, Florida – Teckrez will increase the price of all TECKROS® Rosin and TECKREZ® Hydrocarbon tackifiers (resins) on October 1, 2021, or as contracts allow. These changes are needed to counter the impact of significant increases primarily in marine shipping, but also production and other supply chain costs. Increases will range between 15% and 20% and apply to all resin products.
This year, 2021, is characterized by raw material shortages and supply chain disruptions. Customers and suppliers in the chemical industry have made significant changes in their supply chains to accommodate these new challenges. Teckrez is re-posting here an announcement from Hapag-Lloyd about unprecedented new charges being implemented by shipping companies on goods coming into the United States from Asia (particularly from China). These are being described as “port congestion” charges and, if implemented will add more significant cost to the reliable delivery of chemical products in the USA.
The following is a link to the announcement:
Value Added Surcharge (VAD) – Trans-Pacific Trade- ex China to USA and Canada - Hapag-Lloyd
Jacksonville, Florida – Teckrez announces new email addresses for all inbound orders and related order inquiries: firstname.lastname@example.org and email@example.com. “We established a specific email address for each of our businesses to ensure all orders are received and acknowledged promptly,” according to Marc Jackson, President. “These new addresses will also enable improved order visibility within the expanding Teckrez customer support team.”
Jacksonville, Florida - Teckrez announced Friday that it expects continued raw material, freight, and other supporting costs to continue increasing but such dynamics will not change its commitment of assured supply to its customers.
Below is a letter addressed to Teckrez customers from Thomas C. Eckhardt, Chief Executive Officer, wherein Mr. Eckhardt discusses the Company's intent to work closely with its customers and supply partners in dealing with the unique challenges prevalent in today's market.
Jacksonville, Florida - Teckrez will increase the price of hydrocarbon tackifiers (resins) on March 1, 2021 or as contracts allow. These changes are needed to counter the impact of significant increases in marine shipping, US duties, and producer transfer costs. Increases will range between 15% and 20% and apply to all Teckrez® C5, C59, C95, CH, H5, HM, and HF products.
Please contact your Teckrez sales or customer service representative with questions or for more information.
Jacksonville, Florida - Teckrez has announced an increase of $0.35/lb on glacial methacrylic acid (GMAA) in drums to be effective January 1, 2021. The price of GMAA has increased with strong global demand and reduced availability. Major Asian producers have restricted the amount of GMAA exported to North America and a US producer has announced a plant shut down. Implementation of the increase will vary in accordance with customer supply agreements and contracts.
Jacksonville, Florida - Teckrez has announced an increase of $0.06/lb on all rosin resin products effective December 1, 2020. The increase is required to offset significant increases in the price of gum rosin. Gum rosin prices are being driven up by strong Asian demand. Implementation of the increase will vary in accordance with customer supply agreements and contracts.
Jacksonville, Florida - Teckrez has announced an increase of $0.04/lb on all hydrocarbon resin products effective November 1, 2020. The increase is required to offset higher marine shipping and product costs.
.Jacksonville, Florida - Teckrez has been actively making a case to the United States Trade Representative that 301 tariff exclusions on Hydrocarbon Resins should continue. Unfortunately, the USTR has decided not to continue the 301 tariff exclusion for “granular hydrocarbons.” Their notice to us is posted below.
RE: Comment Number: USTR-2020-0025-57306
The purpose of this letter is to inform you that the United States Trade Representative (USTR) has completed, in accordance with USTR’s notice published on June 25, 2020 (84 FR 49600), an evaluation of the possible extension of certain exclusions from the $16 Billion Trade Action (List 2).
USTR has determined not to extend exclusion 20(v)(3) (Granular hydrocarbon resins, each pellet not larger than 1 cm in any dimension and having a melting point greater than 95 degrees C but not greater than 105 degrees C, presented in immediate packings of paper, paperboard or kraft paper weighing with their contents greater than 23 kg but not greater than 27 kg (described in statistical reporting number 3911.10.0000)).
Further information regarding exclusions from the $16 Billion Trade Action (List 2) is available on the USTR website here.
The Office of the United States Trade Representative
Columbus, Ohio – With the recent passing of Professor Hans J. Reich, esteemed educator and pioneer in the field of Physical Organic Chemistry and NMR Spectroscopy, the American Chemical Society (ACS) Division of Organic Chemistry has formed a committee and an advisory board to create a new website based upon the vast resources in organic chemistry assembled by Prof. Reich over the past thirty years. Dr. Wayne Goldenberg, who earned his Ph.D. under Prof. Reich at UW-Madison, has been selected to be on this advisory board.
Prof. Reich was considered a world-renowned expert in NMR Spectroscopy for chemical structure elucidation. Chemists, scientists, and educators from around the world contacted him for assistance in analyzing NMR spectra as well as for his extensive knowledge in organic chemistry and its uses in today’s ever-evolving applications. This committee and advisory board were established jointly by the UW‑Madison Chemistry Dept. and the ACS as a means of honoring Prof. Reich and retaining his all‑encompassing resources for use by the many chemists and researchers around the globe still vested in his efforts.
Dr. Goldenberg is currently the Director of Specialty Monomers & Chemicals Division at Teckrez, Inc., a leading supplier of tackifier resins and acrylic monomers based in Jacksonville, Florida.
For more information, please visit Teckrez, Inc. at www.teckrez.com and the newly-created ACS organic chemistry resources website at www.organicchemistrydata.org/hansreich/.