Chemtura Increases Prices on Organotin Stabilizers
25-Aug-2008
- USA
Effective September 1, 2008, or as contract terms allow, Chemtura Corporation(NYSE:CEM) will increase the base price of its organotin stabilizers globally by 6%.
According to the company, previously announced increases have scarcely kept pace with the unprecedented escalation in tin metal prices, and, indeed, tin remains at historically high levels. While tin is a major component of organotin stabilizers, the cost of other raw materials such as energy, oil derivatives and sulfur, have also escalated dramatically. The increase is therefore necessary to offset the cost of these "non tin" raw materials.
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