Mar 31, 2022
Ingevity announces price increase for portfolio of Capa® caprolactone products
NORTH CHARLESTON, S.C., March 31, 2022 – Ingevity has announced a general price increase for all Capa® caprolactone products. The increase is due to escalating natural gas prices, as well as increasing raw material and logistics costs.
The new increase of $500/MT 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.