BAYONNE, N.J. (April 10, 2009)—Kenrich Petrochemicals Inc. will cut its Ken-React titanate prices 2-5 percent worldwide on June 1, after negotiating lower costs for materials and process it uses to make the line.
“We were forced to raise our prices last year before the global economy hit the wall in October 2008,” said Kenrich President Salvatore J. Monte. “The first half of 2009 has presented opportunities for negotiated lower costs for the materials and processes used to make our Ken-React titanate product line and we are passing the savings on to our customers to help secure our market position.”
This price cuts cover the firm's more-than 40 Ken-React titanate monoalkoxy, chelate, coordinate, neoalkoxy, quat and emulsion products and their powder and pellet masterbatch forms.
Monte said no change in pricing will occur for Kenrich's zirconate and aluminate products, since the sources and processes for these materials are substantially different.