General
Grace to increase prices for FCC catalysts, additives due to escalating raw materials, energy costs
Pricing actions necessary to sustain on-going investment in new technology, enhanced technical services, and leading manufacturing capabilities to serve global customers
- By ICN Bureau
| March 20, 2022
W. R. Grace & Co. stated last week that it will increase prices for its Fluid Catalytic Cracking (FCC) catalysts and additives this year as contracts allow.
As Grace offers products and services that continue to deliver increasing value, it faces rapidly escalating costs for key raw materials and energy, including aluminum-derived chemicals and natural gas. In addition, freight and logistics costs continue to rise at an extraordinary rate.
Grace remains focused on reducing operational expenses through increased efficiencies; however, those efforts cannot completely offset unprecedented inflationary trends.
We will initiate pricing actions necessary to sustain our on-going investment in new technology, enhanced technical services, and leading manufacturing capabilities to serve our global customers, stated the company.
Register Now to Attend Gujarat Chem & Petchem Conference 2025 on May 8-9th 2025, at Hyatt Place, Bharuch
Register Now to Attend NextGen Chemicals & Petrochemicals Summit 2025 on June 18-19th 2025, The Leela Mumbai
