Скачать или смотреть Chemtura to Increase Price of Polymer Antioxidants, Rubber Additives

Chemtura (CHMT) announced Monday that, because of the significant and sustained increase in key materials costs, increased volatility and limited availability of key raw materials, the company has decided to raise the prices of the products supplied by its Polymer Antioxidants and UV stabilizer business.

The price increase will be effective on all deliveries after March 15, 2011, or as contract terms allow. Polymer Antioxidants and Rubber Additives prices will be increased by up to 10% in addition to previously announced increases.

According to the company, the increases are essential to sustain the CHMT as a viable supplier and to enable continued reinvestment in new technology required by the polymer and compounding industries.

Shares are up 1.86% to $16.45.