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MOSCOW (MRC) -- Polynt-Reichhold, an
Intalian petrochemical producer, says it has increased prices in Europe by
EUR80/metric ton (USD93/metric ton) for all its composite products range due to
rising raw material and logistical costs, effective as of 1 November or as
agreements allow, according to Chemweek.
The price hike covers the
company’s complete line of unsaturated polyester resins, vinyl esters, and
gelcoats in Europe, the Middle East, and Africa, it says.
The higher raw
material costs are due to limited availability, it adds. Polynt-Reichhold’s
composites business develops and produces thermoset products and
derivatives.
As MRC reported
previously, in early March, 2020, Polynt announced that all its sites and
activities in Italy were running smoothly and according to plan, despite
the news about the Italian situation related to the spreading of the
coronavirus in the country.
Polynt runs two maleic anhydride (MA) plants
in northern Italy, including Bergamo’s 36,000 tonne unit in Lombardy and
Ravenna’s 60,000 tonne plant on the east coast. The bigger production line at
Ravenna had been operating at a reduced rate since March 2019 due to technical
issues, the firm previously said. A new reactor ordered is expected to be
operational in 2021. Polynt also produces phthalic anhydride at Bergamo and its
San Giovanni Valdarno site, as well as plasticizers at San Giovanni
Valdarno.
Maleic anhydride is a feedstock for the production of
tetrahydrofuran, tetrahydrophthalic anhydride, films and synthetic fibers,
pharmaceuticals, detergents, plasticizers, maleic, succinic, fumaric and malic
acids and a number of chemicals for agriculture.
Plasticizers are
substances introduced into a polymeric material to give it elasticity and
plasticity during processing and operation. In particular, plasticizers are used
to produce polyvinyl chloride (PVC). The share of plasticizers used for the
production of PVC products is about 80%.
According to MRC's ScanPlast report,
Russia's overall PVC production totalled 718,500 tonnes in January-September
2020, down by 0.3% year on year. At the same time, only two producers managed to
increase their PVC output. |
