Feb 22, 2021
Ingevity announces price increase for pine chemical-based products
NORTH CHARLESTON, S.C., Feb. 22, 2021 – Ingevity Corporation (NYSE:NGVT) has announced a general price increase for all merchant and derivatized tall oil rosin and tall oil fatty acid products associated with its industrial specialties and oilfield technologies portfolios. The increase is due to strong market demand and increasing raw material costs and will range from 10 to 15%.
The new prices will be effective April 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.