Arkema to Implement Raw Material and Energy Surchage for Technical Polymers
The surcharge will be adjusted up or down at the end of the third quarter, based on changes in energy and related key raw material.
This surcharge has been brought on by an unprecedented escalation of energy, raw material and transportation costs, which previous productivity programs and price adjustments have not been able to offset. Customers are being notified individually about how the surcharge will apply to the products that they purchase.
According to Lando Ferretti, VP Technical Polymers, “Energy and related costs have increased dramatically as compared to just six months ago. Implementation of this surcharge is necessary to offset the impact of these increases which we have not been able to offset via product price increases. We will continue to take whatever steps we can to reduce the impact of such cost increases, and will evaluate the need for the surcharge on a quarterly basis hereafter”
Arkema’s Technical Polymers serve the global transportation, electrical & electronics, sports, oil & gas, appliance, and other industrial and consumer markets.
With global brands like Rilsan®, Pebax® and Platamid®, unique products like Rilsan® Polyamide 11 bioplastic and Pebax® RNew, and leading capacities in Rilsan® polyamide 11 and 12, Arkema’s Technical Polymers stands out in the industry by providing its customers with global coverage and superior regional service from production facilities and research centers in Europe, Asia, and the USA.