Chemtura's Great Lakes Solutions to increase prices on its CD-75 TM-based and SP-75 TM-based flame retardant products by US$2.50/kg in all markets, effective Oct. 111.
WEST LAFAYETTE, Indiana
September 2, 2011
– Great Lakes Solutions, a Chemtura business, (NYSE: CHMT), today announced that it will increase prices in all regions on CD-75TM- and SP-75 TM-based products by $2.50/kg, where contracts allow, for all new orders placed effective Oct. 1, 2011.
“We have invested significantly in our portfolio and operations to ensure reliable supply of innovative and sustainable products and must increase prices in order to maintain this level of investment and service to our customers”
"This price increase is necessary to support continued investment in our operations as well as to offset cost increases for raw materials, transportation and energy," states Anne Noonan, president, Great Lakes Solutions. "We have invested significantly in our portfolio and operations to ensure reliable supply of innovative and sustainable products and must increase prices in order to maintain this level of investment and service to our customers," said Noonan.
Bromine derivatives and flame retardants are used in a wide variety of critical end applications including electrical and electronics, building and construction, fine chemicals, transportation and oil production.
Great Lakes Solutions
Great Lakes Solutions, a Chemtura business, is a global and innovative leader in safe and cost-efficient flame retardant products and solutions for use in applications such as electronic components, electrical enclosures and building products, including insulation and furniture foam. Great Lakes Solutions offers greener, high-performing solutions under the new Emerald™ product series that provide sustainable differentiation in the marketplace without sacrificing performance or quality. For more information about Great Lakes Solutions, please visit www.greatlakes.com.
Chemtura Corporation, with 2010 sales of $2.8 billion, is a global manufacturer and marketer of specialty chemicals, agrochemicals and pool, spa and home care products. Additional information concerning Chemtura is available at www.chemtura.com.
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