MOSCOW (MRC) -- Arkema, a France-based chemical manufacturer, is announcing a price increase on its Luperox, Vulcup and Dicup organic peroxide ranges commercialized in Europe, Middle-East and Africa within the crosslinking segment, from 5 to 8% depending the grade, according to the company's statement.
Arkema is also announcing a price increase of EUR150/tonne on its Luperox organic peroxide within the composite segment.
These increases will be effective by January 1st, 2014 or as contracts allow. These adjustments have become necessary to offset further rises in raw materials, energy and transportation costs, and to sustain investments to cope with Health, Environment and Safety regulations.
As MRC reported earlier, following a EUR50/tonne price increase on August 1st 2013, Arkema announced a further EUR50/tonne price increase effective early September for its entire Evatane range - high content ethylene vinyl acetate (EVA) copolymers. 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.
Arkema with annual revenue of EUR6.4 billion is a leading European supplier of chlorochemicals and PVC. Kynar and Kynar Flex are registered trademarks of Arkema Inc
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