06 June 2002 20:19 [Source: ICIS news]
HOUSTON (CNI)--Great Lakes Chemical said Thursday it will increase the price of selected flame retardants by between $80 (Euro85.1) and $250/tonne depending on the product on 1 July or where contract allow.
The company implemented the increase, it said, because of increased raw material costs and poor profitability and increased demand.
Great Lakes said various lines of its hexabromocyclododecane will increase by 10%. Contacted by CNI, the company said it could did not provide specific figures for the increase.
Great Lakes said its brominated carbonate oligomer grades will rise $80 tonne in the US and $80/tonne in Japan.
Its tetrabromobisphenol grades will increase $250/tonne.
All price increases apply to full container or full truck load quantities.
In addition, Great Lakes said, the off-list price increase previously announced in Europe, the Middle East and Africa for all grades of hexabromocyclododecane (HBCD) flame retardants will now be applied globally effective 15 June.
Based in Indianapolis, Indiana, Great Lakes manufactures specialty chemicals and flame retardants.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections