Solvay implements price adjustment for certain polymer additives products
Solvay announced today the implementation of a worldwide price adjustment of 0.85€/kg or equivalent currency, with immediate effect, for certain polymer additives products. Available through Solvay’s Technology Solutions global business unit, the products subject to this change include CYASORB® UV-3346, CYASORB® UV-3529 and the CYASORB® THT family.
The adjustment comes after a series of planned and unplanned outages that have resulted in persistent tightness and shortage of hexamethylenediamine (HMDA), a key intermediate for the production of Solvay stabilizers based on High Molecular Weight Amino HALS chemistry. Such shortages will continue to present challenges in the form of elevated HMDA prices and ongoing availability of this raw material. However, Solvay has secured sufficient HMDA to handle its growing HALS volumes, and is confident in its ability to source HMDA in the coming years. The adjustment will help Solvay ensure long-term reliability of supply and reinvest in its assets to support the sustainable growth of its customers.
For more details, please contact a Solvay sales or customer service representative.
About Solvay Technology Solutions
Solvay’s Technology Solutions GBU incorporates the Mining Solutions, Phosphorus Specialties, and Additive Technologies business lines. The combination of these businesses affords an opportunity for each business to maintain its unique leadership role while creating a strong, synergistic organization built with a team of experienced professionals focused on customer collaboration and intelligent innovation.
Solvay is an advanced materials and specialty chemicals company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers worldwide in many diverse end markets. Its products are used in planes, cars, batteries, smart and medical devices, as well as in mineral and oil and gas extraction, enhancing efficiency and sustainability. Its lightweighting materials promote 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 26,800 employees in 61 countries. Net sales were €10.1 billion in 2017, with 90% from activities where Solvay ranks among the world’s top 3 leaders, resulting in an EBITDA margin of 22%. 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. Financial figures take into account the announced divestment of Polyamides.