Wacker Increases Polymeric Binder, Resin Prices
Munich-based Wacker Group recently announced that it has increased prices up to 20% for its polymer and resin products. The change went into effect Nov. 1, due to “continuously rising energy, raw material and logistics costs.”
The temporary surcharge for the company’s dispersible polymers in Europe will also increase to 590 euros ($681.54) per metric ton.
“The price adjustment will enable the group’s polymers division to continue providing customers with high product quality, technological innovations, best-in-class customer service and technical support, along with supporting investment to secure the capability for future growth across focus markets,” said the company in its press release.
Wacker isn't the only company who has upped its prices—the industry as a whole has recently reported a shortage on supplies and an increase in prices. Recent Q3 reports for suppliers, including PPG and AkzoNobel, have also indiciated a rise in consumer costs.
Other Wacker News
In July, Wacker launched construction on what will be its new liquid resins unit in Nünchritz, Germany.
According to the company’s press release, the unit will supply key upstream products for formulating silicone-based building-protection agents and binders for exterior paints and industrial coatings.
The company currently produces these additives at its Burghausen site, where side-stream products resulting from the manufacture of silicones react with alcohol to become silanes and liquid resins.
In constructing the new liquid resins complex, Wacker reported that its important material loops will close and that the cost-effectiveness of the company’s integrated production system will also increase. In addition, the new unit will also be used to process products obtained from the synthesis of methylchlorosilanes.
The liquid resins plant is located on the site of a former tank farm not far from where a hybrid polymer facility is under construction. As aforementioned, once completed, the facility will produce silane-terminated hybrid polymer binders for high-performance adhesives.
The site is slated to open by the end of 2022 and will create around 50 new production-related jobs.