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Archroma increases prices of fluorocarbon polymers by 20%

December 04/2020

MOSCOW (MRC) -- Archroma (Reinach, Switzerland) says it is increasing the selling prices of its fluorocarbon polymer products by up to 20%, reported Chemweek.

The company says the price increase is necessary to support the increasing regulatory and other costs, as well as ongoing investments that the company continuously makes in its own manufacturing technology and process, to produce sustainable products. The price increase will be effective in all regions and markets for all new orders and as contracts allow, it says.

Fluorocarbon polymers are used in applications where a water and/or oil barrier is needed, including personal protective equipment for health professionals, or other technical textiles, the company says.

As MRC wrote before, BASF India completed the sale of its global textile chemicals business to Archroma (Reinach, Switzerland) in 2015.

We remind that in late November, BASF increased its production capacity for advanced additives at its wholly-owned site in Nanjing, China. The new asset with state-of-the-art technologies will allow BASF to produce high molecular weight dispersing agents, slip and leveling agents and other additives locally for Asian markets.

We also remind that Russia's output of chemical products rose in September 2020 by 6.7% year on year. At the same time, production of basic chemicals increased by 6.1% year on year in the first nine months of 2020, according to Rosstat's data. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the January-September output. September production of primary polymers decreased to 852,000 tonnes from 888,000 tonnes in August due to shutdowns in Tomsk, Ufa and Kazan. Overall output of polymers in primary form totalled 7,480,000 tonnes over the stated period, up by 16.4%  year on year.

Archroma is a global color and specialty chemicals company, headquartered in Reinach near Basel, Switzerland. It operates with approximately 3,000 employees over 35 countries. Through its three businesses: Textile Specialties, Paper Solutions and Emulsion Products, Archroma delivers specialized performance and color solutions to meet customer needs in their local markets.
Author:Margaret Volkova
Tags:Europe, medicine, petrochemistry, adhesives, textile, personal hygiene products, BASF, India, China, Russia, Switzerland.
Category:General News
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