By Liz White, UT staffIndianapolis, Indiana-Great Lakes Chemical Corp. is increasing prices worldwide for its Firemaster 550/552 flame retardants, Tetrabromophthalic anhydride and Tetrabromophthalic anhydride derivatives, by $0.10/lb. The group said in a 14 March statement that it will also increase prices on all other brominated flame retardants worldwide, by up to 15 percent. The increases are in addition to those announced previously and will be effective 1 April, or as contracts allow.”The new pricing is necessary due to the unprecedented and rapidly increasing costs of key raw materials, energy products and logistics,” said a Great Lakes statement. This is coupled with the need “to improve profitability levels to a point where reinvestment is viable to meet rapidly expanding end use demand,” the group added. “
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