Increases reflect higher costs of raw materials
DES PLAINES, Ill., Oct. 30, 2017 – Honeywell (NYSE: HON) UOP announced a price increase of up to 8 percent over current prices on certain catalysts, molecular sieves and aluminas, effective with shipments on and after Dec. 1, 2017, or as contracts allow. The price increase is being taken in response to increased raw materials costs.
In accordance with applicable contract terms and historical shipments, Honeywell UOP reserves the right to restrict purchases of product prior to the effective date of the price increase.
Honeywell UOP catalysts are used in hydroprocessing, reforming, isomerization and Merox treating applications, and to produce aromatics, olefins and detergents. Molecular sieves and aluminas are used in a variety of separations applications in refining, petrochemicals, natural gas processing and air separation.
Honeywell UOP (www.uop.com) is a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment, and consulting services to the petroleum refining, petrochemical, and gas processing industries. Honeywell UOP is part of Honeywell’s Performance Materials and Technologies strategic business group, which also includes Honeywell Process Solutions (www.honeywellprocess.com), a pioneer in automation control, instrumentation and services for the oil and gas, refining, petrochemical, chemical and other industries.
Honeywell (www.honeywell.com) is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally. Our technologies help everything from aircraft, cars, homes and buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
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Contact:
John Simley
847-391-2278
john.simley@honeywell.com