MOSCOW (MRC) -- Arkema, a France-based chemical manufacturer, has announced a further price increase of EUR100/tonne on its whole Evatane EVA range, high content ethylene vinyl acetate (EVA) copolymer effective from 1 May or as contracts allow, as per the company's press release.
As the world wide shortage on vinyl acetate monomer continues, Arkema is doing its upmost to minimize impact on the Evatane availability.
Marketed under the trademark Evatane, Arkema's EVA functional polyolefins are used in highly diverse industrial applications, including hot-melt, cable, multilayer packaging film, technical polymer modification, solar panel, petroleum additives, bitumen and ink.
As MRC wrote previously, Arkema already increased its April EVA prices by EUR150/tonne prices. That increase was due to rough market conditions, including the world wide unavailability of vinyl acetate monomer.
Arkema with annual revenue of EUR6.4 billion is a leading European supplier of chlorochemicals and PVC. Kynar and Kynar Flex are registered trademarks of Arkema Inc.