PHILADELPHIA--(BUSINESS WIRE)--Chemtura Corporation (NYSE: CHMT) (Euronext: CHMT) has announced that it is raising the price of certain specialty polyolester (POE) products supplied by the Industrial Performance Products Business effective Jan. 15, 2014, or as contracts allow, as the result of continued escalation in the cost of key raw materials . Chemtura will increase the prices of select POE’s by up to $0.30/kg globally. These increases are essential to sustain Chemtura’s ability to provide high-quality products, service levels, and innovative offerings.
Chemtura Corporation, with 2012 sales of $2.2 billion,1 is a global manufacturer and marketer of specialty and agro chemicals. Additional information concerning Chemtura is available at www.chemtura.com.
1 2012 net sales of $2.2 billion reflects discontinued operations treatment for Chemtura’s plastic antioxidants and Consumer Products businesses.