Sartomer Company Increases Epoxy Acrylates Prices in Europe
The escalating costs of raw materials used to manufacture epoxy acrylates in Europe have continued in the last quarter. This has led to a significant increase in prices by Sartomer Company, one of the leading manufacturers of specialty chemicals and advanced materials in the region.
Epoxy acrylates are widely used in a variety of applications including coatings, printing inks, adhesives, and composites. They offer excellent adhesion and durability, and are preferred over other traditional materials due to their high performance and low volatility.
The increase in the cost of raw materials used in the manufacture of epoxy acrylates has been primarily due to the rising price of petrochemicals, particularly crude oil. The current geopolitical tensions in the Middle East, along with the ongoing trade war between the United States and China, have also contributed to the price hikes.
In addition, there has been an associated tight supply of raw materials used in the production of epoxy acrylates. Some manufacturers have been forced to cut production, leading to shortages in the market. This has created a challenging environment for all industry players.
Sartomer Company, which is part of the Arkema Group, has been impacted by these factors as well. In response, the company has announced an increase in the prices of its epoxy acrylates products in Europe. The price increase will be applicable to all grades of epoxy acrylates, effective immediately or as contracts permit.
The increase in prices will help the company offset the rising cost of raw materials and maintain adequate supply to meet the demands of its customers. Sartomer Company has assured its customers that it will work closely with them to minimize the impact of the prices increase.
The company has a strong reputation for providing customers with high-quality products and technical expertise. It offers a broad portfolio of epoxy acrylates, including monomers, oligomers, and photoinitiators, which are used in a wide range of applications. Its products are also known for their superior performance, low odor, and environmental friendliness.
Sartomer Company has been at the forefront of developing innovative products and solutions that meet the evolving needs of its customers. It has invested heavily in R&D and has a team of dedicated researchers who work closely with its customers to develop customized solutions. Its products are also backed by a reliable supply chain and logistics network that ensures timely delivery to customers.
In 2019, Sartomer Company opened a new plant in Nansha, China, to meet the growing demand for specialty chemicals and advanced materials in the Asia-Pacific region. The plant is equipped with state-of-the-art technology and has a capacity of 32,000 tons per year. It also has a dedicated R&D center that focuses on developing sustainable products that meet the needs of the region.
Sartomer Company is committed to sustainability and has set ambitious targets to reduce its environmental footprint. It has implemented a range of initiatives, such as improving energy efficiency, reducing waste, and promoting the use of renewable resources. The company also adheres to the highest standards of safety and quality, and has achieved several certifications and awards in these areas.
The increase in prices of epoxy acrylates by Sartomer Company is a reflection of the challenging market situation facing the industry. However, the company's strong reputation, technical expertise, and commitment to sustainability will help it weather the storm and emerge as a leader in the industry.
About Sartomer Company:
Sartomer Company is a global leader in specialty chemicals and advanced materials. It offers a broad portfolio of innovative products and solutions that are used in a wide range of applications, such as coatings, printing inks, adhesives, and composites. The company has a strong reputation for providing customers with high-quality products and technical expertise. It is part of the Arkema Group, a leading producer of specialty chemicals and advanced materials.