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|Grace Announces 2018 Price Increase for Silica-Based Materials Technologies Products|
Affected will be prices for silica gel, colloidal silica, precipitated silica, and adsorbent products, including the DARACLAR®, LUDOX®, PERKASIL®, PHONOSORB®, SHIELDEX®, SIDENT®, SYLOBEAD®, SYLOBLOC®, SYLODENT®, SYLOID®, SYLOJET®, SYLOSIV®, SYLOWHITE®, TRISYL®, and VYDAC® brands.
This pricing action will enable Grace to sustain investment in the best-in-class manufacturing capabilities, increasing regulatory compliance requirements, and R&D demanded by customers across the broad spectrum of industries the company serves.
Grace’s silica-based technologies and molecular sieves are used in manufacturing processes and as additives in customers’ end products over a wide range of applications from paint and plastics to food and pharmaceuticals. Grace products deliver many of the essential performance attributes that are expected from products used every day; attributes like improved tire traction and better toothpaste whitening. Products of many of the world’s leading brands are produced or improved through Grace materials science.
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 3,700 employees, Grace operates and/or sells to customers in over 60 countries. More information about Grace is available at grace.com.
This announcement contains forward-looking statements. Such statements generally include the words “will,” “plans,” “intends,” “targets,” “expects,” “outlook,” or similar expressions. Forward-looking statements include, without limitation, expected financial positions and results of operations. For these statements, Grace claims the protections of the safe harbor for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Grace is subject to risks and uncertainties that could cause its actual results to differ materially from its projections or forward-looking statements. Factors that could cause actual results to materially differ from those contained in the forward-looking statements include, without limitation: risks related to foreign operations, raw material and energy costs; research and development effectiveness; acquisition success; developments affecting indebtedness; pension obligations; Grace’s legal and environmental proceedings; environmental regulatory compliance costs; customer and supplier relationships; inability to retain key personnel; and those additional factors set forth in Grace's most recent Forms 10-K, 10-Q and 8-K, which have been filed with the