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Polynt increases composite prices on rising costs

January 12/2021

MOSCOW (MRC) -- Polynt Composites has announced a price increase for resins for the composite materials industry, effective from January 15 in Europe, the Middle East and Africa (EMEA), said Chemweek.

In detail, the increase will be equal to 100 euros per ton for the entire range of unsaturated polyester resins and gelcoats, while for the vinylester ones it will reach 180 euros / ton. "Extraordinary rise" in raw material, logistics costs sees company impose third price hike since November 2020.

The increases - the Italian manufacturer said - are linked to extraordinary costs of raw materials and logistics. Similar increases were announced in December and entered into force on January 1st.

As MRC informed earlier, 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%.

As per MRC, despite the coronavirus pandemic, the demand for unmixed polyvinyl chloride (PVC) in Russia did not decrease at the end of 2020, but actually remained at the level a year earlier. At the same time, prices hit record highs and continue to rise.
Author:Anna Larionova
Tags:petroleum products, PVC, EPVC, PVC paste, SPVC, neftegaz, petrochemistry, Polynt.
Category:General News
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