MOSCOW (MRC) -- Polynt Composites, which specializes in the manufacture of unsaturated polyester resins, vinyl esters, gelcoats, and derivatives, has announced a further price increase for its entire range of its composite products, according to MaterialsToday.
The nominated price increase of EUR250/metric ton (USD297/metric ton) is effective as of 10 April 2021 or as contracts allow.
‘The escalation of the prices of the main raw materials in Europe is continuing as a consequence of the production and logistical disruptions recorded in recent weeks,’ the company said. ‘Polynt Composites will continue to make every effort to limit the impact of these rising costs upon product pricing.’
Polynt has announced a series of price increases in the first three months of 2021 due primarily to rising raw material costs.
As MRC informed previously, in early March, 2020, Polynt announced that all its sites and activities in Italy were running smoothly and according to plan, despite the news about the Italian situation related to the spreading of the coronavirus in the country.
Polynt runs two maleic anhydride (MA) plants in northern Italy, including Bergamo’s 36,000 tonne unit in Lombardy and Ravenna’s 60,000 tonne plant on the east coast. The bigger production line at Ravenna had been operating at a reduced rate since March 2019 due to technical issues, the firm previously said. A new reactor ordered is expected to be operational in 2021. Polynt also produces phthalic anhydride at Bergamo and its San Giovanni Valdarno site, as well as plasticizers at San Giovanni Valdarno.
Maleic anhydride is a feedstock for the production of tetrahydrofuran, tetrahydrophthalic anhydride, films and synthetic fibers, pharmaceuticals, detergents, plasticizers, maleic, succinic, fumaric and malic acids and a number of chemicals for agriculture.
Plasticizers are substances introduced into a polymeric material to give it elasticity and plasticity during processing and operation. In particular, plasticizers are used to produce polyvinyl chloride (PVC). The share of plasticizers used for the production of PVC products is about 80%.
According to MRC's ScanPlast report, Russia's estimated consumption of polyethylene terephthalate (PET) increased in January 2021 by 3% year on year. Thus, January estimated PET consumption in Russia totalled 57,420 tonnes.