MOSCOW (MRC) -- Essen-based Evonik Industries, a leading specialty chemicals manufacturer, will increase prices for methyl methacrylate (MMA), said the producer on its site.
Effective May 1, 2016, the Evonik segment Performance Materials will increase the price for VISIOMER MMA in Europe.
As far as permissible under existing agreements, the increase will amount EUR90 per ton.
As MRC wrote previously, in June 2015, Evonik Industries globally increased the prices for selected product types of its PMMA molding compounds, which it markets under the PLEXIGLAS and PLEXIMID trademarks (ACRYLITE and ACRYMID in the Americas). According to the product type, the increase amounted to up to a double-digit percentage.
Methyl methacrylate (MMA) is an organic compound. This colourless liquid, the methyl ester of methacrylic acid (MAA) is a monomer produced on a large scale for the production of polymethyl methacrylate (PMMA).
The Performance Materials Segment is managed by Evonik Performance Materials GmbH. The segment focuses its global activities on developing and manufacturing polymer materials and intermediates, especially for use in agriculture and in the rubber and plastics industry. In 2015, the segment’s roughly 4,400 employees generated sales about EUR3.4 billion.
Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. Evonik benefits specifically from its innovative prowess and integrated technology platforms. Evonik is active in over 100 countries around the world. Evonik is active in over 100 countries around the world. In fiscal 2015 more than 33,500 employees generated sales of around EUR13.5 billion and an operating profit (adjusted EBITDA) of about EUR2.47 billion.
MRC