HOUSTON--(BUSINESS WIRE)--Effective July 1, 2015 and as contracts allow, Solvay will increase the price of all grades of Hydrogen Peroxide by $0.05 per pound (100% basis).
Market conditions in North America continue to remain tight with growth in pulp and electronic grade market segments driving capacity utilization to very high levels.
The price increase is necessary to support Solvay's continued investment in North America. With the recent announcement of a multi-million dollar expansion project at Longview, WA, Solvay is reinvesting to support customers' current and future growth ambitions.
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 aerospace 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 26,000 people in 52 countries and generated 10.2 billion euros in net sales in 2014. Solvay SA (SOLB.BE) is listed on Euronext in Brussels and Paris (Bloomberg: SOLB.BB - Reuters:SOLB.BR).