According to the company, these price increases are a direct result of the increase in business costs, specifically, the costs of rising oil and chemical raw-material prices, insurance costs driven by world events and recent changes in the regulatory requirements significantly impacting the business.
Ashland Drew Industrial Specialty Additives Group Announces Price Increase
Ashland Specialty Chemical Company’s Drew Industrial Specialty Additives Group announced a price increase on all products, effective Feb. 15. Prices for specialty additives group’s main product, Drewplus foam control agents, have increased approximately 5 percent. The increase comes in response to increased raw materials and energy costs, according to the company.