MOSCOW (MRC) -- Celanese Corporation, a global technology and specialty materials company and a global leader in vinyl acetate ethylene (EVA) emulsions, has announced that it will increase the price of potassium sorbate and sorbic acid sold globally, as per the company's press release.
Nutrinova potassium sorbate and Nutrinova sorbic acid will increase by 10% effective July 1, 2015, or as contracts allow.
This price increase affects all grades and all applications including, but not limited to, food, beverages, pharmaceuticals, pet and animal feed, cosmetics and personal care.
As MRC informed previously, earlier, since March 20, Celanese Corporation, increased prices of vinyl acetate-based emulsions sold in Asia. EVA emulsions increased by Yuan 200/tonne for China and USD30/tonne for the rest of Asia effective March 20, 2015, or as contracts allowed.
This price increase affected all applications including, but not limited to, adhesives, paints and coatings, waterproofing, building and construction, glass fiber, carpet and paper. This increase was attributed to the continued pressures on raw materials, notably ethylene and vinyl acetate monomer (VAM).
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Based in Dallas, Texas, Celanese employs approximately 7,500 employees worldwide and had 2014 net sales of USD6.8 billion.
MRC