MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, and its affiliate companies in Europe announced, effective as of 20 January 2017 or as contract terms permit, the price increase for all Styrene Butadiene latex products sold into the Paper, Board, Carpet and Textile, and Adhesive and Construction Binder markets in the EMEA region, said the producer on its site.
The increase will be EUR50 per wet metric ton for all Styrene Butadiene latex products.
Besides, Trinseo announced that effective February 1, 2017 or as contract terms permit, the company is increasing the prices of all Styrene Butadiene latex and Styrene Acrylic latex products sold into the carpet, paper, and performance latex markets in North America. The increase will be USD0.05/wet lb. This price increase is being driven by increased costs in the manufacturing of these latexes.
As MRC informed earlier, Trinseo and its affiliate companies in Europe also announced price increases for all polystyrene (PS), acrylonitrile-butadiene-styrene (ABS), acrylonitrile styrene copolymer (SAN) grades and polycarbonate (PC) grades in Europe this month. Effective 4 January 2017, or as existing contract terms allow, the January contract and spot prices for the product listed below rose, as follows:
- STYRON general purpose polystyrene grades (GPPS), STYRON and STYRON A-TECH high impact polystyrene grades (HIPS) - by EUR110 per metric ton;
- MAGNUM ABS resins - by EUR105 per metric ton;
- TYRIL SAN resins - by EUR90 per metric ton;
- CALIBRE PC resins - by EUR220 per metric ton.
Trinseo is a global materials company and manufacturer of plastics, latex and rubber. Trinseo's technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Formerly known as Styron, Trinseo completed its renaming process in 1Q 2015. Trinseo had approximately USD4.0 billion in revenue in 2015, with 18 manufacturing sites around the world, and more than 2,200 employees.
MRC