Grace Announces 2019 FCC Catalysts Pricing Actions
Source: Nasdaq GlobeNewswire / 17 Dec 2018 16:30:54 America/New_York
COLUMBIA, Md., Dec. 17, 2018 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE: GRA) stated that it will continue its previously announced program to increase prices for its Fluid Catalytic Cracking (FCC) catalysts by 3 to 9 percent in 2019 based on product type and specific customer commitments.
“We will continue pricing actions necessary to sustain our on-going investment in next-generation products, enhanced technical services, and leading manufacturing capabilities to serve our global customers,” said Tom Petti, Grace’s President, Refining Technologies. “Grace remains focused on mitigating the impact of escalating raw materials costs and controlling expenses.”
Grace continues to experience strong demand for its premium FCC catalysts technologies as refiners around the world work to optimize FCC unit profitability by maximizing petrochemical and alkylate feedstocks and processing more challenging crudes.
“The FCC unit is a critical component of refinery profitability and we are committed to partnering with our customers to maximize their FCC product value,” continued Petti. “We have consistently demonstrated our ability to provide custom product solutions and expert-level technical support to create significant incremental profits for our clients.”
Built on talent, technology, and trust, Grace is a leading global supplier of catalysts and engineered materials. The company’s two industry-leading business segments—Catalysts Technologies and Materials Technologies—provide innovative products, technologies, and services that enhance the products and processes of our customers around the world. With approximately 3,900 employees, Grace operates and/or sells to customers in over 60 countries. More information about Grace is available at grace.com.
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