8 Jun 2005
Villejust, France --Eliokem Inc. said it will boost the price of Wingstay L phenolic antioxidant by 12 percent July 1.
The company cited raw material and energy cost increases as the reason it will boost prices of the chemical. The supplier said the hike also will help it restore its profit margin to the level it needs to maintain product quality and consistency and meet the cost of regulatory compliance.
Eliokem produces Wingstay L at a plant in Ningbo, China, that has been in operation for six months
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