PHILADELPHIA--(BUSINESS WIRE)--The Petroleum Additives business of Chemtura Corporation (NYSE/Euronext:CHMT) is announcing a price increase on its Naugalube® ADPA products (Naugalube® 438L, Naugalube® 640, Naugalube® 680 and Naugalube® 750) of 50 cents per kilo effective Sept. 15, 2013, or as contracts allow. This price increase is to compensate for cost increases.
Chemtura Petroleum Additives is a global and market-driven value innovator in supply of additives and finished lubricants for automotive and industrial applications. Additional information concerning the Petroleum Additives business is available at www.chemtura.com.
Chemtura Corporation, with 2012 sales of $2.6 billion,(1) is a global manufacturer and marketer of specialty chemicals, agrochemicals and pool, spa and home care products. Additional information concerning Chemtura is available at www.chemtura.com.
(1) 2012 net sales of $2.6 billion reflects discontinued operations treatment for the sale of Chemtura's plastic antioxidants business.