Jacksonville, Florida - Teckrez is pleased to announce the release of an updated summary of its resin product line. Teckrez offers the most complete range of tackifiers in North America. Our product line features industry standards in addition to novel resins available only though Teckrez. Customers use our resins to formulate a wide range of adhesives, sealants, coatings and more. Please contact us to today to receive a copy!
Jacksonville, Florida - Teckrez has been made aware of new requirements by steam ship lines for materials classified as Dangerous Goods (DG) affecting UN numbers with Special Provision SP386 or the term "stabilized" against polymerization as part of the Proper Shipping Name (PSN). At a minimum, it appears shipping companies will require completion of special forms or letters on producer letterhead before allowing cargo in this category to be loaded for transport. It is likely this developing requirement will lead to additional delays in the supply chain for affected products (including most monomers).
This bulletin from Hapag-Lloyd provides insights on the topic from the shipper's perspective: There’s an update for Dangerous Goods (DG) – Polymerizing Substances chemically stabilized (revised) - Hapag-Lloyd
Jacksonville, Florida - Teckrez is closely monitoring the impact of power rationing in China on the availability of resin and monomer products. The Chinese government has implemented power restrictions on 10 industrialized provinces. These cuts will impact the operations of producers of chemicals and intermediates. Teckrez will continue efforts to adjust it's planning in light of these new challenges to our supply chain. Our top priority remains product availability for customers. Please contact your Teckrez representative if you have questions about this emerging issue.
This link will connect to an article on the topic by Bloomberg News: www.bloomberg.com/news/articles/2021-09-23/china-s-power-cuts-widen-amid-shortages-and-climate-push
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: email@example.com and firstname.lastname@example.org. “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.