May 21, 2021
Ingevity announces price increase for pine chemical-based products
NORTH CHARLESTON, S.C., May 21, 2021 – Ingevity Corporation (NYSE:NGVT) has announced a general price increase for all merchant and derivatized tall oil rosin, tall oil fatty acid and kraft lignosulfonate products associated with its industrial specialties portfolio. The increase is due to continued strong market demand as well as increasing raw materials and logistics costs and will range from 10% to 20%.
The new prices will be effective July 1, 2021, or as contracts allow.
Ingevity: Purify, Protect and Enhance
Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in two reporting segments: Performance Chemicals, which includes specialty chemicals and engineered polymers, and Performance Materials, which includes high-performance activated carbon. 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 1,750 people. The company is traded on the New York Stock Exchange (NYSE:NGVT). For more information visit www.ingevity.com