GLCC LAUREL INCREASES ANTIMONY TRIOXIDE AND ANTIMONY DERIVATIVE PRICES

INDIANAPOLIS, INDIANA—GLCC Laurel, LLC today announced that it will increase prices worldwide by up to 20% for all grades of antimony trioxide, effective for shipments beginning February 1, 2005, or as contracts allow. The price for other antimony derivatives will also increase dependent upon antimony content.

The price increase for antimony trioxide reflects the ongoing tight supply and rapidly escalating costs of raw materials, concurrent with increased energy costs and strong demand for antimony products. Further tightening of raw material supply is anticipated through the balance of the year.

Antimony trioxide, sold under the trade names TMS®, Timonox®, Trutint®, Microfine®, FireShield®, Thermoguard®, and UltraFine®, is used as a synergist, with brominated flame retardants, in flame retardant polymer formulations widely used in electrical and electronics applications. Antimony trioxide is also an effective flame retardant in high performance PVC applications.

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GLCC Laurel

GLCC Laurel, LLC develops, produces, and markets antimony-based flame retardants, synergists, and catalysts. The company is a 50-50 joint venture that combined the antimony oxide businesses of Great Lakes Chemical Corporation and Occidental Chemical’s Laurel Industries in April 2004.