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AOC raises EMEA resin, vinyl ester prices on increased raw materials, logistics costs

February 19/2021

MOSCOW (MRC) -- AOC (Collierville, Tennessee) says it is raising prices with immediate effect for its entire unsaturated polyester resins (UPR) portfolio and epoxy vinyl ester (EVE) range sold in the EAME region, due to continued increases in raw materials, logistics, and packaging costs, reported Chemweek.

Prices for its EVE products will rise by EUR300/metric ton (USD364/metric ton), with its UPR portfolio prices to increase by EUR250/metric ton. The increase is with immediate effect for all new deliveries or as contracts allow, it says.

The pricing of liquid epoxy resin (LER), styrene, and other key raw materials has seen continued increases over the past months following outages across the globe and force majeure declarations in Europe, says Fons Harbers, AOC's vice president/EAME marketing and sales. Logistics and packaging costs have been increasing steadily. This leaves us no choice but to raise the prices of our products as a result, he says.

AOC announced price increases in January this year and December 2020 for the same product ranges, citing the same reasons.

As MRC informed earlier, in October 2020, AOC, Kaprain and Spolchemie announced they had reached agreement on AOC acquiring the Unsaturated Polyester Resin (UPR) manufacturing operations located at the Spolchemie site in Usti nad Labem (Czech Republic). This footprint extension will allow AOC to further improve service and logistics to its customers in Central/ Eastern Europe as well as in Germany, and will make new products (e.g. based on recycled PET) available for customers around Europe.

According to MRC's ScanPlast report, overall estimated PET consumption in Russia was 71,830 tonnes in December 2020, up by 8% year on year. Russia's PET consumption in all sectors (injection moulding, fibers/filaments, films) exceeded the level of 2019 by 17%, totalling 717,310 tonnes.
Author:Margaret Volkova
Tags:Europe, vinilhlorid, PET-granulate, styrene, petrochemistry, adhesives, packaging, Spolchemie, Russia.
Category:General News
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