MOSCOW (MRC) -- Effective June 1st 2015, or as existing contracts allow, Sartomer Europe (part of Arkema) will increase prices of its monomers and oligomers sold in Europe, Middle East and Africa, reported Arkema on its site.
This increase, ranging from 4 to 8% depending on the product families, is a consequence of the recent rise of the feedstocks, cumulating with the weakening of the euro against the dollar. This resulted in a significant cost increase of the key raw materials.
Sartomer, division of Arkema, is the premier global supplier of specialty chemicals for ultraviolet and electron beam (UV/EB) peroxide and two-part epoxy/amine systems. Sartomer provides a variety of specialty acrylates and methacrylates designed to enhance processing and performance characteristics in coatings, inks, adhesives, sealants, composites and other demanding applications.
As MRC wrote before, in late April 2015, Arkema Fluorochemicals announced a new price increase in Europe of 15% for packaged and bulk grades for all Forane HFC products, with immediate effect or as contracts allowed. In a macroeconomic environment that has profoundly changed in the past few months, this price increase was necessary to pursue the improvement in the profitability of the HFCs activities and the development of lower GWP alternatives.
Arkema with annual revenue of EUR6.7 billion is a leading European supplier of chlorochemicals and PVC. Kynar and Kynar Flex are registered trademarks of Arkema Inc. Arkema operates 11 organic peroxide plants on the three continents.
MRC