Effective immediately, or as contracts permit, Solvay Chemicals, Inc. is increasing prices for all (Industrial, USP, and Feed) grades of sodium bicarbonate in its SOLVAir® and BICAR® product lines. The increase for bulk product is US$20.00 per short ton and the packaged product increase is US$30.00 per short ton.
This price increase is required to offset increased manufacturing, transportation and raw material costs that have become a permanent part of our cost structure. Additionally, this increase will support the re-investment needed to sustain a reliable supply of sodium bicarbonate to this growing market.
About Solvay Chemicals, Inc.
As an international chemical group, SOLVAY assists industries in finding and implementing ever more responsible and value-creating solutions. Solvay generates 90% of its net sales in activities where it is among the world's top three players. It serves many markets, varying from energy and the environment to automotive and aeronautics or electricity and electronics, with one goal: to raise the performance of its clients and improve society's quality of life. The group is headquartered in Brussels, employs about 29,400 people in 56 countries and generated 9.9 billion euros in net sales in 2013.
SOURCE: SOLVAir Solutions