Nov 24, 2020
Ingevity announces price increase for basic pine chemicals
PRESS RELEASE
NORTH CHARLESTON, S.C, Nov. 24, 2020 — Ingevity has announced a general price increase for tall oil fatty acid and tall oil rosin grades sold to merchant markets. The increase is due to improved global market conditions and will range from 10 to 15%.
The new prices will be effective January 1, 2021, or as contracts allow.
The increase does not pertain to products for the pavement technologies, oilfield technologies and other derivatized product families.
Ingevity: Purify, Protect and Enhance
Ingevity provides specialty chemicals, high-performance carbon materials and engineered polymers that purify, protect and enhance the world around us. Through a team of talented and experienced people, Ingevity develops, manufactures, and brings to market products and processes that help customers solve complex problems. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bioplastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,850 people. The company is traded on the New York Stock Exchange (NYSE: NGVT). For more information visit www.ingevity.com.
