Solvay is implementing a global price adjustment of 10% to 30% on certain product lines from its Mining Solutions business, effective for all shipments as of April 1 or as contracts allow, as per the company's press release.
Offered by Solvay’s global business unit Technology Solutions, the products subject to this price adjustment are: ACCO-PHOS depressants; ACORGA extraction reagents; AERO promoters; AERODRI surfactants; AEROFLOAT promoters; AEROFROTH frothers; AEROMINE promoters; AEROPHINE promoters; CYANEX extraction reagents;
CYBREAK defoamers; CYFLOC flocculants; CYQUEST modifiers; MAX HT scale inhibitors; OREPREP frothers;
and PHOSFLOW scale inhibitors.
The price adjustment addresses the global inflationary environment and unprecedented raw material, energy and logistics costs, which have been further heightened by geopolitical tensions and the Russia-Ukraine conflict.
These price increases are necessary to maintain the high quality standards that Solvay’s customers have come to expect and to provide security of supply.
As MRC reported before, earlier this month, Solvay partnered with Mitsubishi Chemical Advanced Materials to recycle end-of-life medical components. New collaboration will help customers reach sustainability goals for high-performance Udel PSU polymers in demanding applications.
We remind that Belgian chemicals group Solvay has suspended operations and new investments in Russia after the invasion of Ukraine. The suspension is temporary and will be reviewed in due course, a spokesperson said in early March, 2022, adding that the company had put a task force in place to manage the impact of the measures.
We also remind that in August, 2020, through the acquisition of the Solvay polyamide (PA) business, BASF enhanced its R&D capabilities in Asia Pacific with new technologies, technical expertise, and upgraded material and part testing services. BASF is planning to integrate the R&D centers from Solvay into its R&D existing facilities in Shanghai, China, and Seoul, Korea. The enhanced capabilities will boost BASF’s position as a solution provider to develop advanced material solutions for key industries.
Solvay is a science company whose technologies bring benefits to many aspects of daily life. With more than 24,100 employees in 64 countries, Solvay bonds people, ideas and elements to reinvent progress. The Group seeks to create sustainable shared value for all, notably through its Solvay One Planet plan crafted around three pillars: protecting the climate, preserving resources and fostering better life. The Group’s innovative solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices, health care applications, water and air purification systems. Founded in 1863, Solvay today ranks among the world’s top three companies for the vast majority of its activities.
MRC