Chemtura Announces Price Increases for Certain Brominated Flame Retardants, Mark(R) Tin PVC Heat Stabilizers and Epoxidized Soybean Oil PVC Plasticizers and Cytec Announces New $100 Million Share Repurchase Program
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City of Industry, CA --(www.USEquityNews.com)-- 12/13/2007 - Alternative Energy industry alert provided by U.S. Equity News. In response to significant raw material cost inflation and mounting regulatory expenses, Chemtura Corporation (NYSE: CEM) will increase prices on a range of polymer additives used primarily in the Building & Construction and Consumer Products industries. Specific product lines affected are: Firemaster(R)550/552/600/602 flame retardants used in polyurethane cushioning will increase by $0.09/lb. This increase is effective globally on January 1, 2008 or as contracts allow. Chemtura Corporation produces specialty chemicals; crop protection; and pool, spa, and home care products worldwide.
The Board of Directors of Ferro Corporation (NYSE: FOE) has declared a regular quarterly dividend of 14.5 cents per share of common stock. The dividend is payable on March 10, 2008 to shareholders of record on February 15, 2008. Ferro Corporation (http://www.ferro.com) is a leading global supplier of technology-based performance materials for manufacturers.
Cytec Industries Inc. (NYSE: CYT) announced that its Board of Directors has approved a new $100 million share repurchase program. David M. Drillock, Vice President & Chief Financial Officer said, "We recently completed our prior program, also for $100 million and I am pleased to announce this new program as we seek to invest in the growth of our business and return surplus cash to our shareholders." The new authorization represents about 3% of Cytec's equity market capitalization at current prices. The repurchases will be made from time-to-time on the open market or in private transactions.
ALL Fuels & Energy Company (OTCBB: AFSE) President Dean Sukowatey recently expanded on his statements contained in a November 8, 2007, article (by S.P. Dinnen, http://www.allfuelsandenergy.com/web.page.desmoinesregister.110807.pdf) in the Des Moines (IA) Register, after numerous inquiries. In particular, Mr. Sukowatey discussed the ALL Fuels' slogan, "Ethanol... a Commitment to America," and how strongly committed the company is to supporting alternative fuels production. Mr. Sukowatey offered as an example ALL Fuels' ongoing investigation of opportunities relating to increased efficiencies in production through enzyme compounds and other developing technologies.
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