Chemtura to increase prices
Chemtura Corporation, debtor-in-possession (Pink Sheets: CEMJQ) ("Chemtura"), today announced that it will increase prices in all regions on DE-83RTM, Firemaster(R) 2100R, BA-59PTM and its derivatives (BC-52TM and BC-58TM grades of carbonate oligomer) by up to 25 percent, where contracts allow, for all new orders placed effective immediately.
Anne Noonan, President of Chemtura's Flame Retardants, Brominated Performance Products and Fumigants business, stated, “The bromine franchise is facing severe raw material escalation and increasing costs to secure global supply, product stewardship and continued advocacy efforts. The proposed increase is necessary to ensure high-quality supply to our customers.”
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.
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