Chemtura Increases Prices on Organotin Stabilizers
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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%.
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.
Chemtura has worked closely with customers to minimize the impact of
this extraordinary raw materials inflation. However, it is essential to
implement price increases to cover inflation in order to remain as a
reliable supplier for the long term. Chemtura remains committed to the
tin stabilizer industry and will continue to strive to provide customers
with the best possible value.
Please visit Chemtura's Polymer Additives web site at www.chemtura.com.