Chemtura to Raise Brominated Clear Brine Fluid Pricing.MIDDLEBURY, Conn. -- Chemtura Corporation Chemtura Corporation (NYSE: CEM) is a marketer of specialty chemicals, polymer products and processing equipment for a variety of industries. The company formed in 2005 from the merger of two other corporations -- Great Lakes Chemical Corporation of West Lafayette, Indiana, (NYSE NYSE See: New York Stock Exchange :CEM CEM contagious equine metritis. CEM selective medium chocolate agar made with Eugon agar and 5% horse blood; used to cultivate Taylorella equigenitalis. ) today announced it will increase list and off-list pricing by 40% for calcium bromide Calcium bromide (CaBr2) is a chemical compound of calcium and bromine. In its solid state, it is a white powder. CaBr2 can be found in drilling fluids, neuroses medication, freezing mixtures, food preservatives and fire retardants. 14.2 , zinc bromide/calcium bromide bromide, any of a group of compounds that contain bromine and a more electropositive element or radical. Bromides are formed by the reaction of bromine or a bromide with another substance; they are widely distributed in nature. 19.2 solution and sodium bromide 12.5 in all regions. New pricing is effective October 14, 2005, where contracts allow. Concurrent with the increase, Chemtura will no longer offer price change notification terms longer than 30 days. The list prices per pound for these products (in bulk) ex-works will be: -- Calcium Bromide 14.2.........................$0.66/lb -- Zinc Bromide/Calcium Bromide 19.2............$0.99/lb -- Sodium Bromide 12.5..........................$0.54/lb Anne Noonan, Vice President and General Manager of Flame Retardants and Brominated Performance Products stated, "Increased demand continues for all brominated products and it is essential we achieve improved value, including clear brine fluids, to recover investment in manufacturing facilities and infrastructure. Chemtura believes this increase is required to sustain these efforts and continue our position as a quality supplier of brominated clear brine fluids." About Chemtura Chemtura Corporation, with pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma 2004 sales of $3.7 billion, is a global manufacturer and marketer of specialty chemicals, crop protection and pool, spa and home care products. Headquartered in Middlebury, Conn., the company has 7,300 employees around the world. For additional information, please visit www.chemtura.com. |
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