Philadelphia, Pennsylvania -- Chemtura Corp. is raising the price of the products supplied by its polymer antioxidants and UV stabiliser business, by up to 10 percent.
The increases, which come into effect 15 March 2011, or as contracts allow, are "primarily as the result of a significant and sustained increase in key materials costs, increased volatility and limited availability of key raw materials," said Chemtura.
These increases are in addition to previously announced ones, and are essential, said the company, to sustain it as a viable supplier and enable reinvestment in new technology.
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