March 11 (yourpetrochemicalnews) -- Arkema is implementing a price increase of 80┬/T (110 $/T) , for all Evatane╝ resins (High Content Ethylene Vinyl Acetate Copolymers). This increase will take effect globally on 1st April 2010, or as customer contracts allow.
The reason for this price increase is the continuing escalation in raw material costs, which previous price adjustments have not been able to compensate. In order to support the long term financial health of the business and ensure continuous supply of high-quality polyolefins, Arkema needs to pass a further portion of these costs on to the value chain. We remain committed to our partnership with dedicated resources and a complete offering, including the supply of high performance ethylene copolymers.
Arkema's EVA products are used in highly diverse industrial applications, including hotmelt, cable, multilayer packaging film, technical polymer modification, solar panel, petroleum additives, bitumen and ink.
The share in the Russian market in 2008:
PVC - 0.2%;
EVA - 1.1%.
Annual sales growth in Russia, during the recent 5 years:
PVC - 69%;
PE - 121%.
Imports by polymers processing technologies: