MOSCOW (MRC) -- Arkema Fluorochemicals has announced a new price increase in Europe of 15% for packaged and bulk grades for all Forane HFC products, with immediate effect or as contracts allow, reported the company on its site.
In a macroeconomic environment that has profoundly changed in the past few months, this price increase is necessary to pursue the improvement in the profitability of the HFCs activities and the development of lower GWP alternatives.
Arkema’s Fluorochemicals business unit produces and markets a range of fluorinated gases under the Forane brand in the following markets worldwide:
- Refrigerant fluids for refrigeration and air-conditioning, including commercial and industrial refrigeration, construction, automotive and other applications;
- Blowing agents for polymer foams, specifically polyurethane and polystyrene;
- Feedstock for the production of fluoropolymers;
- Degreasing, cleaning and drying solvents;
-Aerosol sprays.
As MRC wrote previously, in 2014, Arkema, a France-based chemical manufacturer and the world’s second leading producer of organic peroxides, announced the construction of a new organic peroxide plant on its Changshu site in China. This investment will help double the site’s production capacity. By doubling its production capacity in China, Arkema will continue to support the strong growth in the organic peroxide market in Asia, a region in which the Group is also a producer in India, South Korea and Japan. The new Changshu plant is due to come on stream in early 2016.
Arkema with annual revenue of EUR6.7 billion is a leading European supplier of chlorochemicals and PVC. Kynar and Kynar Flex are registered trademarks of Arkema Inc. Arkema operates 11 organic peroxide plants on the three continents.
MRC