Great Lakes announces antimony oxide price increase

23-May-2002

INDIANAPOLIS, Indiana – May 22, 2002 – Great Lakes Chemical Corporation today announced that, effective June 1, 2002, where contracts allow, the company will increase the price for all grades of antimony trioxide by $0.10/lb in the Americas and by $220/MT in Europe and the Asia Pacific region. The price for other antimony derivatives will also increase dependent upon antimony content. Great Lakes' antimony trioxide products are sold under the trade names TMS®, Timonox®, TRUTINT® and MICROFINE® .

The new pricing reflects recent increases in the London Metal Bulletin (LMB) value for antimony metal, and its impact on the cost of finished antimony derivatives. The LMB value generally follows the supply and demand trends of raw materials. This current increase reflects the impact to the raw material market following recent events in China, including further mine and smelter shutdowns.

Antimony trioxide is used as a synergist, along with brominated flame retardants, to provide flame retardancy to polymer formulations widely used in electrical and electronics applications. Antimony trioxide is also an effective flame retardant in high performance PVC applications.

Through its Polymer Additives division, Great Lakes offers an extensive line of flame retardants that include bromine-, phosphorus-, and antimony-based flame retardants and other synergists, as well as a full line of UV stabilizers, antioxidants, blends and optical monomers. For more information about these product lines, please visit the Great Lakes Polymer Additives web site at www.pa.greatlakes.com.

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