Ferro's Rigid Polymer and Flexible Polymer Applications Businesses Announce Price Increases

27-Jul-2007

Ferro Corporation announced it is increasing the price in North America for all dry grades of Metallic Stearates by $0.10 per pound and Aqueous Stearate Dispersions by $0.05-$0.10 per pound, effective August 15, 2007. David Ankrett, Business Director, Rigid Polymer Applications, noted that the increase is due to the sharp escalation in the cost of tallow, the principal raw material used in the manufacture of Metallic Stearates.

Metallic Stearates are used in a number of manufacturing applications, including lubrication and stabilization of plastics; surface enhancement of coatings, inks and lacquers; and as a waterproofing additive in concrete, textiles and papers.

Ferro also announced it is increasing the price in North America for Benzyl Chloride by $0.04 per pound effective August 15, 2007, and Epoxidized Soybean Oil by $0.05 per pound, effective September 1, 2007. Paul Angus, Business Director, Flexible Polymer Applications, noted that the increase is necessary as a result of increases in raw material, operational and transportation costs.

Benzyl Chloride is an intermediate used in a number of applications, including institutional cleaners and oilfield additives. Epoxidized Soybean Oil is a secondary stabilizer and plasticizer used in flexible vinyl and other polymers.

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