Suppliers
Denka will raise prices on its chloroprene rubber materials by more than $500 per metric ton, effective Sept. 1
Osamu Hashimoto, president and CEO of the Japanese group, said the company anticipates significant growth for Tafmer in mobility and solar cell encapsulant applications.
The Japanese supplier will implement the price increase July 1.
The price increase—$330 per metric ton—will take effect July 1.
TPC Group has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware.
By the end of 2022, Synthos anticipates adding 20,000 metric tons of new butadiene rubber capacity per year at its Czech Republic plant.
Cabot Corp. plans to raise prices on silica products.
The increase will go into effect July 1 and apply to all shipments made on or after that date.
Effective May 16, expect to pay more for chloroprene rubber from Showa Denko, which is implementing a price hike on the synthetic rubber material.
The world's largest auto supplier says the market for electrolysis technology, which promises to speed adoption of so-called green hydrogen for use in transport and other sectors, will grow to $15 billion.