Press Release: Solvay Chemicals, Inc. to Raise Hydrogen Peroxide Prices
Solvay Chemicals, Inc. to Raise Hydrogen Peroxide Prices
HOUSTON--(BUSINESS WIRE)--July 07, 2016-- Stock Market Quotes, Business News, Financial News from http://commodity-market-news.com
Effective August 1, 2016, or as contracts permit, Solvay Chemicals, Inc. will increase off-list prices for all commodity grades of hydrogen peroxide sold in North America by US$ 0.05/lb. or CAD$ 141/mt (100% basis).
Strong domestic and export market demand has driven hydrogen peroxide plant utilization rates to nearly 100%. Additionally, the high utilization of transportation assets and rising freight rates have further impacted our delivered cost to customers.
Solvay Chemicals will maintain its published Energy Surcharge program. This program remains in place as long as the quarterly average NYMEX Henry Hub price for natural gas is $3.00/MM BTU or greater.
Solvay Chemicals is committed to the North American hydrogen peroxide market as demonstrated by a multi-million dollar expansion of its Longview, WA plant. The investment in this facility will support customers’ future growth ambitions.
Solvay Chemicals is part of the Solvay Group, an international chemical and advanced materials company that assists its customers in innovating, developing and delivering high-value, sustainable products and solutions which consume less energy and reduce CO2 emissions, optimize the use of resources and improve the quality of life. Solvay serves diversified global end markets, including automotive and aerospace, consumer goods and healthcare, energy and environment, electricity and electronics, building and construction as well as industrial applications.
Solvay is headquartered in Brussels with about 30,000 employees spread across 53 countries. It generated pro forma net sales of EUR 12.4 bn in 2015, with 90% made from activities where it ranks among the world’s top 3 players. Solvay SA (SOLB.BE) is listed on Euronext in Brussels and Paris (Bloomberg: SOLB.BB – Reuters: SOLB.BR).
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