5 Mar 2004
GREAT LAKES ANNOUNCES PRICE INCREASE FOR A RANGE OF BROMINATED FLAME RETARDANTS
INDIANAPOLIS, INDIANA—Great Lakes Chemical Corporation (NYSE:GLK) today announced that effective for all shipments after April 1, 2004, where contracts allow, the company will increase the price for pentabromodiphenyl oxide based flame retardants and all grades of brominated carbonate oligomers by $0.10/lb or $220/MT globally.
The company stated that the new pricing is due to the recent increase in energy and raw material costs.
Prices will increase for Great Lakes DE-71™, Great Lakes DE-60F™ Special, Great Lakes DE-61™, and Great Lakes DE-62™ pentabromodiphenyl oxide flame retardants and all grades of Great Lakes BC-52™ and BC-58™ brominated carbonate oligomer flame retardants.
Pentabromodiphenyl oxide products provide the highest level of flame retardant performance for flexible polyurethane foam applications such as commercial furnishings and automotive foams. Brominated carbonate oligomers are used to flame retard thermoplastic resin systems such as polybutylene terephthalate (PBT) and certain grades of polycarbonate (PC).
Great Lakes is the world’s leading producer of flame retardants with an aggressive commitment to technological innovation and product development. Its extensive line of products includes 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.
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.
Analysts contact:
Jeff Potrzebowski +1 317 715 3027 / investorinfo@glcc.com
Media contact:
Wendy Chance +1 317 715 3027 / wchance@glcc.com
Reader enquiries
Great Lakes Chemical Corporation
9025 North River Road
Suite 400
Indianapolis
Indiana 46240
U.S.A.
Notes for editors
Great Lakes Chemical Corporation is the world’s leading producer of certain specialty chemicals for such applications as water treatment, household cleaners, flame retardants, polymer stabilizers, fire suppression, and performance chemicals. The stock of the company is traded on the New York Stock Exchange. For more information, please visit the Great Lakes web site at www.greatlakes.com.
Editorial enquiries
Janet Gilboy
Great Lakes Chemical Corporation
Brigitte Boxstart
EMG