Solvay Chemicals, Inc. to Raise Hydrogen Peroxide Prices
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
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 € 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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Copyright Business Wire 2016
Source: Business Wire
(July 7, 2016 - 5:39 PM EDT)
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