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Chemtura Announces Price Increase on Antioxidant and UV Stabilizers

^{Published on 2010-12-06 15:00:15 - Market Wire}
 

PHILADELPHIA--([ BUSINESS WIRE ])--Chemtura Corporation (NYSE:CHMT) has announced that it is raising the price of the products supplied by the Antioxidant and UV Stabilizer business, primarily as the result of a significant and sustained increase in key raw material costs. Effective on all deliveries after Jan. 1, 2011, or as contracts allow, the price of the Antioxidant and UV Stabilizers will be increased by up to 15 percent. These increases are essential to sustain Chemtura as a viable supplier and to enable continued reinvestment.

Chemtura, with 2009 sales of $2.3 billion, 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 ].