Albemarle (ALB) Increases Prices on its NcendX P-30 Flame Retardant
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Albemarle Corporation (NYSE: ALB) will increase prices worldwide for its NcendX P-30 flame retardant up to 25 percent effective immediately, or as contracts allow. In addition, all extended price validity for this product is being eliminated. The price increases are necessary to further offset large increases in energy and elemental phosphorous costs.
"Rising energy and material costs continue to put pressure on this product, particularly the dramatically increasing cost of elemental phosphorous," said Annemie Donkers, Albemarle business manager for flame retardants for circuit boards and enclosures. "We will continue to closely monitor supply chain economics to ensure we provide maximum value and superior products for our clients."
Albemarle Corporation (Albemarle) is a global developer, manufacturer and marketer of engineered specialty chemicals. [SM]
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