Philadelphia, Pennsylvania -- Chemtura Corp. has announced that it will increase prices in all regions on DE-83RTM, Firemaster 2100R, BA-59PTM and its derivatives (BC-52TM and BC-58TM grades of carbonate oligomer) by up to 25 percent, where contracts allow. The increases apply for all new orders placed, and is effective immediately.
Anne Noonan, president of Chemtura's Flame Retardants, Brominated Performance Products and Fumigants business, said in a 13 Oct announcement that, "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 $2300 million, is a global manufacturer and marketer of speciality chemicals, including polyurethane prepolymers, and flame retardants and antidegradants for the plastics sector. It also makes crop protection and pool, spa and home care products. Additional information concerning Chemtura's ongoing exit from Chapter 11 bankruptcy proceedings is available at www.chemtura.com.