Chemtura Corporation has announced that it is raising the price of certain specialty polyolester (POE) products supplied by the Industrial Performance Products Business effective January 15, 2014, or as contracts allow, as the result of continued escalation in the cost of key raw materials used in the manufacture of POEs. Chemtura will increase the prices of select POEs by up to $0.30/kg globally.
Chemtura also announced that it is raising the price of the products supplied by the polyalphaolefins (PAO) business, effective January 15, 2014, or as contracts allow, as the result of continued escalation in the cost of key raw materials used in the manufacture of PAOs. Chemtura will increase the prices of its PAO product line by up to $0.15/lb.
Chemtura said that these increases are essential to sustain Chemturas ability to provide high-quality products, service levels, and innovative offerings.