MOSCOW (MRC) -- Styrolution, the global leader in styrenics, has announced that effective April 1, 2014, or as existing contracts permit, it increased its European sales prices for specialty products in Europe, Middle East and Africa (EMEA), reported the company on its site.
Thus, the price increase for the specialties stated below will be as follows:
- Luran S (ASA) - EUR80/tonne;
- Luran SC (ASA/PC) - EUR80/tonne;
- Novodur (ABS) - EUR80/tonne;
- Terblend N (ABS/PA, ASA/PA) - EUR50/tonne;
- Luran (SAN) - EUR50/tonne;
- Luran HH (AMSAN) - EUR80/tonne or by the equivalent amounts in local currency.
Throughout the first quarter of 2014, Styrolution has absorbed increased raw material costs for almost all of its product lines. The price adjustments are necessary to reflect these developments and to ensure feedstock availability in the second quarter.
As MRC wrote before, in December 2013, Styrolution announced measures to better serve customers in EMEA. New initiatives include the optimization of Styrolution's production network in Germany and the opening of a regional specialties logistics center. These measures enable Styrolution to offer customers greater flexibility, long-term and secure supply, and lot-to-lot consistency. They also extend Styrolution's regional reach and further strengthen its leading market position in the region's key focus industries, such as automotive, healthcare and diagnostics, and building and construction.
The Styrolution Group GmbH is a global provider of styrenics , headquartered in Frankfurt am Main. The company is a joint venture between BASF (50%) and INEOS (50%), were merged into the main styrene operations of the two partners. Its main focus is on the production of monomer, polystyrene, styrenic specialties, and ABS. The company offers styrene plastics for a variety of everyday products from different industries, such as automotive, electronics, construction, household, leisure, packaging, medicine and health.
MRC