Celanese Corporation (NYSE: CE), a global technology and specialty materials company and a global leader in vinyl acetate/ethylene (VAE) emulsions, has just announced that it will increase the price of vinyl acetate-based emulsions sold in Asia. VAE emulsions will increase by ¥ 200/MT for China and $25/MT for the rest of Asia effective March 10, 2016, or as contracts allow.
This price increase affects all applications including, but not limited to, adhesives, paints and coatings, waterproofing, building and construction, glass fiber, carpet and paper.
This increase is attributed to the continued pressures on raw materials, notably ethylene and vinyl acetate monomer (VAM).
Customers should contact their Celanese sales representative for more details.
About Celanese
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our two complementary business cores, Acetyl Chain and Materials Solutions, use the full breadth of Celanese’s global chemistry, technology and business expertise to create value for our customers and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,000 employees worldwide and had 2015 net sales of $5.7 billion.