Philadelphia, Pennsylvania - Chemtura Corp, debtor-in-possession, will increase prices of various bromine derivatives and flame retardants by up to 25 percent in all regions, where contracts allow, and for all new orders placed effective immediately.
The materials affected include DE-83RTM, Firemaster 2100R, BA-59PTM and its derivatives (BC-52TM and BC-58TM grades of carbonate oligomer), the firm said in a 13 Oct announcement.
Anne Noonan, President of Chemtura's Flame Retardants, Brominated Performance Products and Fumigants business, stated, "The bromine franchise is facing severe raw material escalation and increasing costs to secure global supply, product stewardship and continued advocacy efforts. The proposed increase is necessary to ensure high-quality supply to our customers."
Bromine derivatives and flame retardants are used in a wide variety of critical end applications including electrical and electronics, building and construction, fine chemicals, transportation and oil production.
Chemtura, with 2009 sales of $2.3 billion, is a global manufacturer and marketer of speciality chemicals, crop protection and pool, spa and home care products. Additional information concerning Chemtura is available at www.chemtura.com.