February 23 (plasteurope) -- Sabic Innovative Plastics has sent out letters to its European customers informing them that it will raise the prices of several engineering thermoplastics. Specifically, the hike of EUR 220/t, which comes into effect on 15 March 2010, involves all polycarbonate resins, the ⌠Lexan copolymer grade, the ⌠Cycoloy blend (PC/ABS) and the ⌠Cycolac (ABS) styrene range. The group also is planning to raise the price of its ⌠Ultem range.
As part of the same announcement, Sabic also communicated price increases of EUR 150/t for its ⌠Noryl (PPE/PS), ⌠Valox (PBT) and ⌠LNP resins and compounds.
MRCMRC Reference
Sabic. The share in the Russian market in 2008:
PE - 0.2%;
PP - 0.4%;
PS - 0.2%.
Annual sales growth in Russia over the last 5 years:
PE - 33%;
PP - 62%.