MOSCOW (MRC) -- Celanese Corporation, a global technology and specialty materials company and a global leader in vinyl acetate ethylene (EVA) emulsions, has increased the price of vinyl acetate-based emulsions sold in Asia, said the producer on its site.
EVA emulsions will increase by Yuan 200/tonne for China and USD30/tonne for the rest of Asia effective March 20, 2015, or as contracts allow.
This price increase affects all applications including, but not limited to, adhesives, paints and coatings, waterproofing, building and construction, glass fiber, carpet and paper.
This increase is attributed to the continued pressures on raw materials, notably ethylene and vinyl acetate monomer (VAM).
As MRC reported earlier, in May 2014, Celanese Corporation announced its intent to construct a EVA emulsions production unit in Southeast Asia. The unit is expected to begin production by mid-2016.
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Based in Dallas, Texas, Celanese employs approximately 7,500 employees worldwide and had 2014 net sales of USD6.8 billion.
MRC