Great Lakes Announces Polymer Stabilizer Price Increases

03-Jan-2001

Great Lakes Chemical Corporation (NYSE:GLK) today announced that, effective January 1, 2001, where contracts allow, the company will increase the price for UV stabilizers and specific antioxidants in Europe. The price for all grades of UV Stabilizers and Anox™ PP18, Anox™ 20, and Alkanox™ 240 Antioxidants will be increased by 7% in Europe. The new pricing reflects the continuing development of major cost drivers for these products including energy, raw materials and transportation.

Additionally, the price for Anox™ NDB (non-dusting blends), will be raised between 0.8 Euro/kg and 1.7 Euro/kg depending on the blend composition and quantities ordered. This new pricing is in addition to the price increase for individual components in the standard Anox™ NDB. The price for these specially developed performance non-dusting blends will continue to be set according to the value generated to customers by the use of such blends.

This press release contains forward-looking statements involving risks and uncertainties that affect the company's operations as discussed in Great Lakes Chemical Corporation's Annual Report on Form 10-K filed with the Securities and Exchange Commission. Accordingly, there is no assurance the company's expectations will be realized.

Great Lakes Chemical Corporation is the world's leading producer of various specialty chemicals for such applications as flame retardants, polymer stabilizers, fire extinguishants, water treatment, as well as a growing line of performance and fine chemicals for the life sciences industry. The stock of the company is traded on the New York Stock Exchange.

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