MOSCOW (MRC) -- Arkema, a France-based chemical manufacturer, has announced a price increase of EUR50 per tonne for its whole Evatane, high content ethylene vinyl acetate copolymer (EVA), range starting August 1, 2013, according to Arkema's press release.
During the past months, the EVA market was undergoing a price erosion that affected profitability. Due to the recent price hike of ethylene, Arkema is forced to pass this increase to the market.
Marketed under the trademark Evatane, Arkema's EVA products are functional polyolefins used in highly diverse industrial applications, including hotmelt, cable, multilayer packaging film, technical polymer modification, solar panel, petroleum additives, bitumen and inks.
We remind that, as MRC wrote previously, Arkema has recently declared a project to divest its tin stabilizer business to PMC Group, a New Jersey-based performance plastics and chemicals manufacturer. This planned divestment of organometallic products includes Fascat catalysts, Thermolite tin stabilizers and fine chemicals. Therefore, Arkema strives to refocus its activities on expanding core specialty businesses.
Arkema is a leading European supplier of chlorochemicals and PVC. Kynar and Kynar Flex are registered trademarks of Arkema Inc. Moody's Investors Service has upgraded Arkema S.A.'s senior unsecured rating to Baa2 from Baa3. The outlook on the rating was changed to stable from positive.
MRC