Princeton, NJ — Solvay announced today that it will increase its vanillin and ethyl-vanillin prices by 15 percent across North America, as soon as pending contracts allow. The price increases are driven by continued and significant increases in raw materials and energy costs to produce Solvay’s vanillin and ethyl-vanillin. Environmental Protection Agency (EPA) restrictions in China and US/Chinese trade tensions are as well affecting raw materials price and availability.
As a key global and responsible player, Solvay is striving to offer a continued high level of quality, services and performance everywhere in the world with the best technology and ecofriendly process.
Solvay sales teams will contact customers directly to discuss supply agreements reflecting the price increases.
To learn more about Solvay’s commitment to its customers and its broad line of functional and natural vanilla solutions and services, please visit www.safevanillin.com.
Source: Solvay