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Polynt hikes composite prices on rising raw material costs, logistics

November 05/2020

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 companys 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-Reichholds 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 Bergamos 36,000 tonne unit in Lombardy and Ravennas 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.
Author:Margaret Volkova
Tags:Africa, Near East, Europe, PVC, ftaleviy angidrid, maleinoviy angidrid, SPVC, compounding, compounds, petrochemistry, Polynt, Italy, Russia.
Category:General News
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