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AOC raises prices for polyester resin and epoxy vinyl ester range in EMEA

April 14/2021

MOSCOW (MRC) -- AOC Resins (Collierville, Tennessee) says that it has made a price increase for its entire unsaturated polyester resin (UPR) and epoxy vinyl ester (VE) range sold in Europe, Middle East and Africa (EMEA) on tight supply of key feedstocks and higher delivery and packaging costs, according to MaterialsToday.

The price increase of EUR300 per ton will take immediate effect for all new orders or as soon as contracts allow and is in addition to the increases that were previously announced.

The availability of key raw materials from our contract suppliers has been severely hampered and we are continuing to have to resort to other, more expensive, sources, said Fons Harbers, vice president. Also logistics and packaging costs have been increasing steadily. This leaves us no choice but to raise the prices of our products further as a result, realizing that supply can continue to be somewhat irregular given these additional supply routes.

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, Russia's estimated consumption of polyethylene terephthalate (PET) increased  in January 2021 by 3% year on year. Thus, January estimated PET consumption in Russia totalled 57,420 tonnes.
Author:Margaret Volkova
Tags:Europe, polyether, vinilhlorid, PET-granulate, petrochemistry, adhesives, packaging, Spolchemie, Russia, USA.
Category:General News
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