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Global Coatings Network News:
2019 is oncoming, and the chill seems to be deepening step by step.
Since 2018, due to the sharp increase in raw materials, labor, energy, and logistics costs, in addition, higher production management requirements and product quality requirements have increased production costs.
BASF
BASF announced that starting from January 1, 2019, it will increase the prices of 1,6-hexanediol (HDO), caprolactone (CLO) and polycaprolactone (Capromer) by US$0.
BASF announced that starting from January 1, 2019, it will increase the prices of 1,6-hexanediol (HDO), caprolactone (CLO) and polycaprolactone (Capromer) by US$0.
BASF is headquartered in Ludwigshafen and has more than 350 branches and companies in 39 countries.
DSM
Royal DSM issued a price increase letter.
Royal DSM issued a price increase letter.
The Royal DSM Group of the Netherlands is based on technology and is active in the fields of health, nutrition and materials on a global scale.
Evonik
Evonik Germany's Evonik also announced recently that it will implement price increases for its methacrylic resin product series by at least 10%, and some products will increase by 20%-25%.
The effective date is January 1, 2019.
The effective date is January 1, 2019.
Evonik Industries AG is a world-leading specialty chemical company.
The main business focuses on global development trends, namely health, nutrition, resource efficiency and globalization.
In addition, Evonik has operations in more than 100 countries around the world.
In the 2014 fiscal year, Evonik's more than 33,000 employees generated sales of 12.
9 billion euros and operating profit (earnings before tax, interest, depreciation and amortization) reached 1.
9 billion euros.
The main business focuses on global development trends, namely health, nutrition, resource efficiency and globalization.
In addition, Evonik has operations in more than 100 countries around the world.
In the 2014 fiscal year, Evonik's more than 33,000 employees generated sales of 12.
9 billion euros and operating profit (earnings before tax, interest, depreciation and amortization) reached 1.
9 billion euros.
Evonik has operations in more than 100 countries around the world.
In the 2014 fiscal year, Evonik's more than 33,000 employees generated sales of 12.
9 billion euros and operating profit (earnings before tax, interest, depreciation and amortization) reached 1.
9 billion euros.
It is understood that in early February 2018, the BASF plant shut down due to a malfunction, and the company's global supply of hexamethylene diamine and PA66 encountered force majeure.
On February 16, 2018, Solvay announced that its adiponitrile plant at its Chalampé plant in France has encountered force majeure.
INVISTA’s US adiponitrile plant also has supply problems.
The global market supply has been substantially tightened, making it difficult to find a single product in the market.
The quotation has risen sharply.
It is worth noting that the new TDI plant of Wanhua Chemical has been put into production at the end of the year, and the market supply has further increased.
