HOUSTON--(BUSINESS WIRE)--Solvay Chemicals, Inc. will increase off-list prices for all commodity grades of Sodium Percarbonate sold in North America by US$ 0.04/lb or CAD$ 100/mt (100% basis), effective November 1, 2014, or as contracts permit.
Growing demand in domestic and export markets for this fluid-bed produced product and recently announced increases in the price of key raw materials necessitate this action. Freight rates have been directly impacted not only by rising fuel prices but also by new federal regulations, increasing cost pressures in the distribution system.
At the same time, necessary capital investments to produce more stable and effective products are required to help ensure long-term, reliable production capacity sufficient to satisfy growing customer demand, according to David Henry, vice president for Solvay’s North American peroxide products.
Solvay’s regional managers will contact customers to discuss the details of this price increase.
As an international chemical group, Solvay assists industries in finding and implementing ever more responsible and value-creating solutions. Solvay generates 90% of its net sales in activities where it is among the world's top three players. It serves many markets, varying from energy and the environment to automotive and aeronautics or electricity and electronics, with one goal: to raise the performance of its clients and improve society's quality of life. The group is headquartered in Brussels, employs about 29,400 people in 56 countries and generated 9.9 billion euros in net sales in 2013. Solvay SA (SOLB.BE) is listed on NYSE EURONEXT in Brussels and Paris (Bloomberg: SOLB:BB - Reuters: SOLB.BR).