KING OF PRUSSIA, Pa., June 2, 2014 (GLOBE NEWSWIRE) -- Arkema is increasing its prices for all grades of hydrogen peroxide sold in North America (United States, Canada, Mexico) by US$ 0.05/lb or CAD$ 120/mt (100% basis), effective June 15, 2014, or as contract terms permit.
This increase is necessary due to growing demand that is straining plant capacity utilization. Transportation assets are tight, coupled with rising freight rates and fuel prices. In addition natural gas prices have escalated due to unusually cold temperatures this past winter and low inventories.
Arkema continues to make capital investments to help ensure long-term, reliable production capacity to meet customers' current and future demands.
Arkema's hydrogen peroxide energy and transportation surcharges will continue to remain in effect and can be found at:
Arkema's commercial team will be contacting its customers directly to discuss this price increase.
A global chemical company and France's leading chemicals producer, Arkema is building the future of the chemical industry every day. Deploying a responsible, innovation-based approach, we produce state-of-the-art specialty chemicals that provide customers with practical solutions to such challenges as climate change, access to drinking water, the future of energy, fossil fuel preservation and the need for lighter materials. With operations in more than 40 countries, some 14,000 employees and 10 research centers, Arkema generates annual revenue of approximately $8.1 billion, and holds leadership positions in all its markets with a portfolio of internationally recognized brands.
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