Chemtura To Hike Base Price Of Some Polymerization Co-catalysts

(RTTNews) - Chemtura Corp. (CHMT, CEMJQ.PK) announced a price increase of up to 30 percent on the base price of some polymerization co-catalysts. The price increase will be implemented globally on July 1, or as contracts allow.

Customers will be contacted individually regarding the specifics of the price increase as it applies to their products or regions.

The products affected by this price increase are magnesium alkyls and solvent solutions of the full range of metal alkyls.

According to the company, these price increases are necessary to sustain investment in Chemtura Organometallics but are not expected to have a material effect upon the consolidated profitability and cash flows of Chemtura.