MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics, latex binders, and synthetic rubber, and its affiliate companies in Europe, have provided the following details regarding utility surcharges for Trinseo PMMA Resins and Sheets, as per the company's press release.
In order to continue ensuring normal production and service levels, Trinseo and its affiliates will implement, as of October 27, 2021, price surcharges to all deliveries of the following products in the EMEA region:
- ALTUGLAS acrylic resins and sheets - EUR350/mt;
- OROGLAS acrylic sheets - EUR350/mt.
These surcharges are in response to unprecedented and escalating pressure from energy prices, apply to all current agreements and contracts for deliveries as of October 27, 2021 and are subject to further potential adjustments linked to fluctuating energy prices.
As MRC reported earlier, in May, 2021, Trinseo announced the closing of the previously announced transaction to acquire Arkema’s polymethyl methacrylates (PMMA) business. PMMA is a transparent and rigid resin with a wide range of end uses that augments Trinseo’s existing offerings across several end markets including automotive, building and construction, medical and consumer electronics.
The main application, consuming approximately 75% MMA, is in the production of polymethyl methacrylate acrylic plastics (PMMA). Methyl methacrylate is also used to produce methyl methacrylate-butadiene-styrene copolymer (MBS), used as a modifier for polyvinyl chloride (PVC).
According to ICIS-MRC Price report, negotiations over Russian November PVC shipments have begun next week.
In fact, converters were severely affected by the global short supply and record high prices.
Trinseo is a global materials company and manufacturer of plastics, latex and rubber. Trinseo's technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Formerly known as Styron, Trinseo completed its renaming process in 1Q 2015. Trinseo had approximately USD3.0 billion in net sales in 2020, with 17 manufacturing sites around the world, and approximately 2,600 employees.