Chemtura increase price Royaltuf polymer modifiers

Chemtura to increase price of Royaltuf polymer modifiers

1:07 PM, 8th June 2011
Chemtura to increase price of Royaltuf polymer modifiers

PHILADELPHIA, US:  Chemtura Corporation is raising price of Royaltuf polymer modifier products supplied by the polymer antioxidants and UV stabilizer business. Effective April 4, 2011, Chemtura has increased the prices of its Royaltuf polymer modifiers by 25 per cent. This increase is an addition to earlier price announcements.

 

This increase is necessary due to the continued escalation in the cost of key raw materials used in the manufacture the Royaltuf products. As witnessed in early part of the first quarter of 2011, raw materials continue to be tight in the market, which has led to much higher costs. Furthermore, manufacturing and transportation cost have increased mainly due to a significant increase in energy cost.

 

Despite Chemtura’s constant initiatives to reduce costs, these increases are essential to sustain Chemtura as a viable supplier and to enable continued re-investment in new technology required by the polymer and compounding industries.

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