PARIS (June 15, 2010)—Eliokem S.A.S. is introducing a worldwide price increase for its Wingstay L antioxidant up to 20 percent, effective July 1.
The company blamed the increase on rapidly increasing raw material costs.
Eliokem said it needs sustainable prices but said it is adding capacity for Wingstay L antioxidants, following increased demand in Asia.
A spokeswoman said she could not yet give details on the capacity increase.