Philadelphia, Pennsylvania -- Chemtura Corp. announced 30 March that it will increase prices in all regions on bromine-based products by up to 25 percent, where contracts allow.
Anne Noonan, vice president of Flame Retardants, Brominated Performance Products and Fumigants, said in the company's announcement: "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."
Chemtura's bromine derivatives and flame retardants are used in a wide variety of critical end uses including electrical and electronics, building and construction, fine chemicals, transport and oil production.
Chemtura Corporation, which is a debtor-in-possession going through Chapter 11 bankruptcy protection proceedings, had sales in 2009 of $2500 million. Its product range includes speciality chemicals -- where it offers polyurethane prepolymers, flame retardants and protective agents for the PU sector - as well as crop protection and pool, spa and home-care products.