Chemtura Corporation (NYSE:CEM) announced a price increase for Adiprene(R), Vibrathane(R), Caytur(R) and Vibracure(R) products to cover escalating expenses, as well as new policies to help reduce costs.
Currently the chemical industry is operating in an environment of volatile raw materials and escalating energy, freight and warehousing costs. Chemtura cannot continue to absorb these increases, and must pass along a portion of these costs as a price increase. However, in order to mitigate the impact of ever increasing costs, Chemtura has identified specific opportunities to reduce or eliminate costs and to simplify the way we do business. To achieve this end, effective January 4, 2008, Chemtura will be instituting the following business policies.
Business Policies effective January 4, 2008
Quantity Scales:
18 - 22 pallets Base Price + $0.00/lb 11 - 17 pallets Base Price + $0.15/lb 6 - 10 pallets Base Price + $0.30/lb 1 - 5 pallets Base Price + $0.60/lb less than 1 pallet Base Price + $2.00/lb
(Note: Truck Loads can be mixed with full pallets of different products)
Pallet Break Charge $250/pallet
Standard Payment Term: Net 30 Days
Standard Delivery Term: Freight Collect (EXW Origin) Customers with questions should please contact their Chemtura representatives.
