WEST LAFAYETTE, Ind.--([ BUSINESS WIRE ])--Great Lakes Solutions, a Chemtura business (NYSE: CHMT), today announced that effective March 1, 2012, it will increase prices in all regions outside of North America on methyl bromide for emissive use by up to 20%, and within North America, prices for methyl bromide for regulated critical uses will increase by up to 40%. For quarantine and preshipment use, prices will increase by up to 60%. These price increases are necessary due to ongoing input cost escalation and investment costs associated with regulatory compliance, advocacy and manufacturing.
Great Lakes Solutions
Great Lakes Solutions, a Chemtura business, has been a leading global producer of methyl bromide and other bromine compounds for more than 40 years. Methyl bromide is a broad-spectrum fumigant, and is used around the world as a pre-plant soil treatment in the production of a wide range of fruits and vegetables. It is also widely used to prevent the spread of quarantine pests from one region to another. Great Lakes Solutions is also a global and innovative leader in safe and cost-efficient flame retardant products and solutions for use in applications such as electronic components, electrical enclosures and building products, including insulation and furniture foam. For more information about Great Lakes Solutions, please visit [ www.greatlakes.com ].
Chemtura Corporation
Chemtura Corporation, with 2010 sales of $2.8 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 ].