Rising Costs Force Chemtura to Increase Prices for Butyl- and Octyl-Tin Compounds
Chemtura Corporation announces a price increase for butyl- and octyl-tin compounds by up to 20%, effective April 15, 2008 or as contracts allow.
The key raw material costs for Chemtura's butyl- and octyl tin products, including tin ingots, butene, aluminum and magnesium, continue to escalate substantially. Further cost increases are expected from the general escalation of labor costs and for logistic expenses resulting from high fuel prices and limited availability of cargo space on ocean going vessels.
Products affected by this price increase are the tetrabutyl- and tetraoctyltin, mono- and di-butyl- and octyl-tinoxides as well as mono- and di-butyl- and octyl-tin chlorides, which are used amongst others in specialty applications like glass coating, catalyst applications and as industrial intermediates.
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