MOSCOW (MRC) -- Arkema, a France-based chemical manufacturer, has increased prices of its Evatane EVA’s (copolymers ethylene vinyl acetate (EVA) high content), said the producer on its site.
The increase was EUR100/tonne or when contracts allow.
According to the company, this price increase is due to rising raw material cost.
Marketed under the trademarks Evatane, Lotryl, Lotader, Orevac, the 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 last announced an increase of EUR50/MT for its whole Evatane EVA copolymer range starting December 1, 2015. During the previous months, the EVA market was undergoing a price erosion that affected profitability. Due to the price hike of ethylene and vinyl acetate monomer, the company was forced to pass this increase to the market.
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