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ATLANTA, GA (U.S.), Oct. 18, 2017 – Huber | Martinswerk, part of the Huber Engineered Materials division of J.M. Huber Corporation (Huber), announces a global price increase of up to 15 percent depending on product grade and form for its Martoxid® aluminum oxides effective Nov. 15, 2017 or as current contracts allow.
Alumina markets are seeing increasing costs as global supply and demand shifts due in part to refinery closures in China. The closures are being implemented to reduce the environmental impact of heavy industry in populated areas. As a result, both smelter grade alumina (SGA) and chemical grade alumina hydrate prices have increased significantly. Other key drivers for this price increase include higher energy and freight (ocean) costs.
Huber | Martinswerk produces Compalox® specialty oxides, Martoxid® aluminum oxides and Pergopak® organic carriers and matting agents and is a global leader in the production of fine precipitated alumina trihydrates and magnesium hydroxides, both non-halogenated fire retardants. Its Fire Retardant Additive (FRA) business has four manufacturing sites in North America and two in Europe.
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About Huber Engineered Materials (www.hubermaterials.com)
Huber Engineered Materials, headquartered in Atlanta, Georgia (U.S.), is a global business focused on engineered specialty ingredients that enhance the performance, appeal and processing of a broad range of products used in industrial and consumer-based applications. With an expertise in inorganic materials, it has a portfolio of high value products: alumina trihydrate, magnesium hydroxide, molybdate compounds, specialty aluminas and oxides, organic matting agents, barium sulfate and industrial, food and USP grade calcium carbonate.
About J.M. Huber Corporation (www.huber.com)
J.M. Huber Corporation, headquartered in Edison, New Jersey (U.S.), operates a portfolio of companies with a focus on its core engineered materials businesses. Founded in 1883, Huber is one of the largest family-owned companies in the U.S. The diversified, multinational company creates products that are used in a broad range of consumer and industrial applications, including personal care, food, beverage, pharmaceuticals and building materials.
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