Wacker Polymers to raise prices for range of products

(wacker) -- The Germany-headquartered manufacturer Wacker Polymers exercised an increase of prices for a range of products. Wacker Polymers will increase its prices for VINNAPAS vinyl acetate-ethylene and ethylene-vinyl chloride-based copolymer dispersions in the Americas. Effective February 29, 2012 WACKER will implement a price increase of USD0.03 per wet pound, or as customer contracts allow. This measure has been necessitated by the continued increase in raw-material and distribution cost.

VINNAPAS dispersions are applied in a broad variety of industries, ranging from adhesives, nonwovens, paints and coatings to paper, building products, carpet and textiles.


Wacker Polymers is a leading producer of state-of-the-art binders and polymer additives in the form of dispersible polymer powders and dispersions, polyvinyl acetates, surface coating resins and polyvinyl alcohol solutions. These products are used by companies in the construction, automotive, paper and adhesives sectors, as well as by manufacturers of printing inks and surface coatings. Wacker Polymers has production sites in Germany, China, South Korea and the USA, as well as a global sales network and technology centers in all major regions.

MRC

(chemmonitor) -- A vinyl acetate monomer (VAM) production unit of the China-based manufacturer Sinopec Sichuan Vinylon Works will temporarily suspend activity on Monday. The facility will be offline for about 28 days.

The plant is situated in Chongqing. Its nameplate capacity is 200,000 tonnes per year. The company will conduct maintenance works at the manufacturing facility during the closure.

The firm owns one more VAM unit. It generates up to 300,000 tonnes per year. The plant may undergo maintenance this year, as well. It will be probably shut this month.

MRC

(plastech) -- DSM Engineering Plastics announces that its global headquarters have moved to Singapore. The Company, which has development, sales and manufacturing facilities located in The Netherlands, USA, Japan, China, Taiwan, India, Belgium and Russia has moved a number of its key functions to Asia in order to underline its commitment to the Asian market which is expected to represent the major share of the company's growth in the coming years.

According to Roelof Westerbeek, President DSM Engineering Plastics, the move - which was pre-announced in 2010 - is making good progress and will be completed in 2012: "This is a significant step as it puts us right at the heart of the fast-growing Asian marketplace. It will help DSM Engineering Plastics to quicker anticipate the needs of our customers, both regionally and globally. In addition, it underlines the high importance that DSM puts on high growth economies as one of the key growth drivers."

MRC

(sibur) -- SIBUR and Gazprom have signed a long-term contract to supply natural gas liquids (NGL) from the Surgut Condensate Stabilisation Plant to the Tobolsk-Neftekhim facility up to 2021.

The annual supply of NGL between 2012 and 2016 will increase from 440,000 tonnes to more than one million tonnes. Agreement on the volumes of hydrocarbon feedstock to be supplied in subsequent years will be reached at a later date.
The contract provides for formula pricing with reference to market conditions for NGL product processing and the cost of transportation and NGL fractionation.
In addition, the parties agreed to continue talks on supplying hydrocarbon feedstock to SIBUR gas-petrochemical enterprises located in other regions of Russia.
Dmitry Konov, CEO of SIBUR, said: "Issues surrounding long-term raw material supplies are important for the company's investment development. Through a strategic partnership with Gazprom and other leading oil and gas companies, SIBUR is able to multi-source light hydrocarbons, providing a base for the sustainable growth of petrochemical production".

SIBUR is the leading petrochemical company in Russia and Eastern Europe. The Company operates across the entire petrochemical process chain from gas processing, production of monomers, plastics and synthetic rubbers to the processing of plastics. SIBUR is a vertically integrated company with its gas processing facilities providing feedstock for its petrochemical production.

MRC

(basf) -- BASF is increasing the prices of the polyalcohols neopentylglycol (NPG), trimethylolpropane (TMP), hydroxypivalic acid neopentyl glycol ester (HPN), 1,6-hexanediol (HDO) and 1,5-pentanediol (PDO), with immediate effect or as existing contracts permit by EUR150/mt in Europe.


These price adjustments are necessary to support BASF's ongoing efforts to assure highest levels of product and service quality to its customers and due to continued increases in raw materials and energy prices.
The polyalcohols mentioned are widely used in solvent-free coatings and for the production of polyurethanes, alkyd resins, unsaturated polyester resins and synthetic lubricants.

MRC