DANBURY, Conn., May 24, 2018 (GLOBE NEWSWIRE) -- Effective from the 1st of June or as contract terms allow, Addivant™, a global leader in polymer additives, is increasing the price of the following product ranges: ALKANOX®, ANOX®, ANOX® NDB®, LOWINOX®, NAUGARD®, NOVAZONE®, OCTAMINE®, ROYALTUF®, ULTRANOX® and WESTON® by up to 20%. The adjustment is driven by raw material cost increases linked to supply shortages, feedstock cost appreciation and specific market conditions, as well as continued escalation of distribution costs.
About Addivant™
Addivant™ is an innovator in the field of polymer additives, developing customized solutions that provide customers enhanced application performance, safe handling, and reduction in cost of use. The company is recognized industry-wide for its extensive portfolio of specialty additives including antioxidants, light stabilizers, rubber additives, polymer modifiers, metal deactivators, polymerization inhibitors and intermediates. Addivant is an international company, with 11 plants in five regions as well as research, manufacturing and sales facilities around the globe. Addivant maintains its global headquarters in Connecticut, USA with regional headquarters in: Al Jubail, Saudi Arabia, Basel, Switzerland, and Shanghai, China. Addivant is an independent portfolio company of SK Capital. Visit www.addivant.com for more information.
Addivant™, ALKANOX®, ANOX®, ANOX® NDB®, LOWINOX®, NAUGARD®, NOVAZONE®, OCTAMINE®, ROYALTUF®, ULTRANOX® and WESTON® are all trademarks of Addivant.
Contacts:
Beverly Kindermann
Beverly.Kindermann@addivant.com
Tel: +1 203 702 6182