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Solvay to increase prices of hydrogen peroxide

July 19/2018

MOSCOW (MRC) -- Solvay raises prices by EUR130 per dry metric ton in Europe for all hydrogen peroxide grades and derivates from September 1st, 2018, as per the company's press release.

This change is due to the exceptional increase of key raw materials & utilities prices, in combination with a worldwide demand exceeding our current capacity.

All existing contracts remain honored. The price movement will allow Solvay to continue to serve customers in a secure and reliable manner.

As MRC informed before, in early July 2016, Solvay completed the divestment of its shareholding in Inovyn (London), bringing to an end Solvay's chlorvinyls joint venture with Ineos. Solvay received exit cash proceeds amounting to EUR335 million (USD370.7 million). The dissolution of the jv followed regulatory clearances from the relevant authorities.

Inovyn was formed on 1 July 2015 as a jv between Ineos and SolVin, a subsidiary of Solvay. Solvay and Ineos signaled their decision to end their chlorvinyls jv in March this year.

Solvay, with a market share 27%, is the second largest PVC manufacturer in Europe, after Kerling with 29% of the market. Solvay is headquartered in Brussels with about 30,900 employees spread across 53 countries.


mrcplast.com
Author:Margaret Volkova
Tags:Europe, PVC, SPVC, Ineos, INOVYN, Solvay, Solvin.
Category:General News
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