MOSCOW (MRC) -- Wacker Polymers is to raise its prices for vinyl acetate-ethylene (EVA) copolymer dispersions of the VINNAPAS brand in the Americas region, as per the company's press release.
Effective November 5, 2018, prices will be raised by up to ten percent in the Americas or as customer contracts allow. This measure has been necessitated by the ongoing market price increases in vinyl acetate monomer (VAM) which is a primary raw material for the manufacturing of Wacker’s vinyl acetate-ethylene copolymer dispersions. Additionally, rising freight, logistics and distribution costs across the industry continue to represent significant challenges in order to maintain current service levels.
The price adjustment enables Wacker Polymers to continue providing customers with a wide-range of innovative quality products and comprehensive technical, sales and customer support services, along with supporting investment to secure the capability for future growth across our focus markets.
Dispersions of the VINNAPAS brand are applied in a broad variety of industries, ranging from adhesives, construction, caulks, nonwovens, paints and coatings to paper, carpet and textiles.
As MRC informed previously, Wacker Chemie AG is expanding its existing production plants for dispersions and dispersible polymer powders in South Korea. The Group is building a new spray dryer for dispersible polymer powders at its Ulsan site, which will have a total capacity of 80,000 metric tons per year. The Munich-based chemicals company is also constructing an additional reactor for dispersions based on vinyl acetate-ethylene copolymer (EVA), which are needed as the raw material for the spray dryer to produce dispersible polymer powders. Ulsan’s plant complex, which covers the entire production chain from VAE dispersions to dispersible polymer powders, will be one of the largest of its kind in the world. Investments will total around EUR60 million and production is scheduled to start in the first quarter of 2019.
Wacker Chemie AG is a worldwide operating company in the chemical business, founded 1914. The company is controlled by the Wacker-family holding more than 50 percent of the shares. The corporation is operating more than 25 production sites in Europe, Asia, and the Americas. The product range includes silicone rubbers, polymer products like ethylene vinyl acetate redispersible polymer powder, chemical materials, polysilicon and wafers for semiconductor industry.