Great Lakes Announces Flame Retardant Price Increases

Pentabromodiphenyl Oxides and Decabromodiphenyl Oxide Affected

25-Jun-2002

INDIANAPOLIS, June 24, 2002- Great Lakes Chemical Corporation, today announced that effective for shipments after July 22, 2002, where contracts allow, the company will increase the price of Great Lakes DE-83R(TM) (decabromodiphenyl oxide) flame retardant by $0.25/kg on a global basis.

Great Lakes DE-83R(TM) provides flame retardancy to various thermoplastic and thermoset polymers extensively used in automotive, electrical, electronic, appliance and industrial equipment applications. It is the most versatile brominated flame retardant available while offering outstanding recyclability.

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Great Lakes Chemical Corporation, today announced that effective for shipments after July 22, 2002, where contracts allow, the company will increase its price of pentabromodiphenyl oxide (PeBDPO) based flame retardants by euro 0.20/kg in the Europe, Middle East and Africa region.

The company reports this action is due to the significant cost increases associated with this product family in Europe.

The Great Lakes range of PeBDPO's include the products Great Lakes DE- 71(TM), Great Lakes DE-60F(TM) Special, Great Lakes DE-61(TM) and Great Lakes DE-62(TM). These products provide the highest level of performance in flexible polyurethane foam for commercial furnishings and automotive foams.

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