Feb 09, 2022
Ingevity announces price increase for pine chemical-based products
PRESS RELEASE
NORTH CHARLESTON, S.C., Feb. 9, 2022 – Ingevity Corporation (NYSE:NGVT) has announced a general price increase for tall oil fatty acid and distilled tall oil products and derivatives, and for rosin-based resins associated with its industrial specialties portfolio. The increase is due to continued supply and demand imbalance as well as increasing raw materials, logistics and packaging costs, and may be upwards of 50% in certain markets and regions. The new prices will be effective April 1, 2022, 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 1,850 people. The company is traded on the New York Stock Exchange (NYSE:NGVT). For more information visit www.ingevity.com.
