Grace Catalysts Technologies Announces Price Increase

Grace Catalysts Technologies, an operating segment of W. R. Grace & Co. announced today pricing and market related actions in its Refining Technologies business. Grace is discontinuing the rare earth surcharge pricing mechanism it instituted in 2010 in response to the high volatility in the costs of various rare earths used in Grace's FCC catalysts and additives. Rare earth costs have stabilized in the past six months and the company believes the surcharge mechanism is no longer appropriate. Grace will reset the base price for FCC catalysts and additives to reflect current rare earth costs, and then raise those base prices for FCC catalysts and additives 10 percent, as contract terms allow.

The price increases are necessary due to significant investments made in the businesses over the past few years and to support continued investment in R&D, technical services, and planned capital investments.


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