Price increases for raw materials and newly announced tariffs on imports drive increase
INDIANAPOLIS--(BUSINESS WIRE )--Vertellus LLC, a leading specialty chemicals company, today announced a price increase for DEET (n,n-diethyl-toluamide). Effective for new orders shipping on or after October 15, 2018, Vertellus is increasing DEET pricing by 22%. The company cites significant and steady increases in the price of raw materials such as m-toluic acid and diethyl amine since the end of 2017 for the price increase. The increase also reflects a pass-through of substantial and widely-publicized tariffs on imports from China. Assuming the U.S. Government increases tariffs further in early 2019, Vertellus pricing will be revised to address further increased tariff cost.
The VERTELLUS* group of companies manufactures fine and specialty chemicals used in diverse applications, processes and market sectors, including agriculture, life sciences, industrial specialties, nutrition, personal care and plastics. Headquartered in Indianapolis, Indiana (USA), near several of the world’s leading research universities, Vertellus benefits from a technically advanced global manufacturing base. The company employs more than 800 employees and maintains facilities in the U.S., United Kingdom, India and China. * Indicates a trademark owned by Vertellus Holdings LLC, registered in the US and elsewhere.
Vertellus LLC Chrissy Walling, 317-247-8141 cwalling@vertellus.com
Effective for new orders shipping on or after October 15, 2018, Vertellus is increasing DEET pricing by 22%.
Vertellus LLC Chrissy Walling, 317-247-8141 cwalling@vertellus.com