Vertellus Specialties Announces Price Increase on Wide Range of Castor Oil Derivatives
INDIANAPOLIS, March 14, 2011 /PRNewswire/ -- Vertellus Specialties Inc., a leading specialty chemicals company, today announced price increases on a wide range of products derived from castor oil. The increases are necessitated by unprecedented global price volatility on upstream castor oil feedstocks.
Effective February 21, 2011 or as contracts allow, Crystal® castor oil prices have been increased by 35% to 40%. Effective April 1, 2011 or as contracts allow, Vertellus is raising prices on all castor oils, derivatives and specialties including Castorwax® hydrogenated castor oil, Casmate® esters, Naturechem® emollients, Casid® HSA, and Castorlatum® ointment base. The actual increases vary by product line and range from 10% to 40%.
About Vertellus Specialties Inc.
Vertellus is a specialty chemicals company focused on the manufacture of ingredients used in pharmaceuticals, personal care, nutrition, agriculture, and a host of other market areas affected by trends favoring "green" technologies and chemistries. Vertellus is the #1 global producer of pyridine and picolines, specialty pyridine derivatives, DEET, castor oil derivatives and systems, and citrate polymer additives and systems, and the world's #2 producer of Vitamin B-3. Vertellus benefits from a technically advanced global manufacturing base and has approximately 700 employees. Vertellus is headquartered in Indianapolis, Indiana.
Contact: Scott Smith
SOURCE Vertellus Specialties Inc.