Effective December 15th 2017, Solvay Aroma Performance will increase the prices for all its non contracted Isobornyl Cyclohexanol (IBCH) and derivatives products by 20%.
This worldwide price increase is directly linked to the surge of Camphene prices since November 2017. Camphene is one of the major raw materials for the production of Isobornyl Cyclohexanol and its derivatives.
The stringent environmental measures recently implemented by the Chinese government have a structural impact all along the Camphene and Downstream Turpentine derivatives (Camphor) value chain.
Solvay is a multi-specialty chemical company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers in diverse global end markets. Its products and solutions are used in planes, cars, smart and medical devices, batteries, in mineral and oil extraction, among many other applications promoting sustainability. Its lightweighting materials enhance cleaner mobility, its formulations optimize the use of resources and its performance chemicals improve air and water quality. Solvay is headquartered in Brussels with around 27,000 employees in 58 countries. Net sales were € 10.9 billion in 2016, with 90% from activities where Solvay ranks among the world’s top 3 leaders. Solvay SA (SOLB.BE) is listed on Euronext Brussels and Paris (Bloomberg: SOLB.BB - Reuters: SOLB.BR) and in the United States its shares (SOLVY) are traded through a level-1 ADR program.