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Arkema announces a further increase for its EVA copolymers

September 23/2013

MOSCOW (MRC) -- Following a EUR50/tonne price increase on August 1st 2013, Arkema, a France-based chemical manufacturer, has announced a further EUR50/tonne price increase effective early September for its entire Evatane range - high content Ethylene Vinyl Acetate (EVA) copolymers, according to the company's press release.

Both price increases, amounting to EUR100/tonne over the August and September period, have become necessary following two consecutive months of  raw material cost increases, while EVA market prices have significantly eroded since the beginning of 2013.

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.

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.
Author:Margaret Volkova
Tags:PVC, EVA, adhesives, packaging, film, Arkema.
Category:General News
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