Special Materials Company to Increase Sodium Cyanide Prices
A price increase for sodium cyanide will take place as of January 1st, 2012 according to officials of leading global chemical distributor Special Materials Company.
New York, December 2, 2011 – Special Materials Company announced today that effective January 1st, 2012 it will increase the price of its sodium cyanide grades to all its customers by $0.20/LB ($0.44/KG). The increase is necessary due to current market conditions driven by the impressive rise of gold prices.
According to SMC officials, “We have always worked very hard to offer our customers products at affordable prices and have already implemented a strategy to diminish the price increase.”
Special Materials Company is relocating immediately its entire inventory of sodium cyanide from a public warehouse to its owned-and-operated facility in Kershaw, SC. “Storing sodium cyanide at the Kershaw facility will significantly reduce the handling and packaging costs of sodium cyanide”. In addition, SMC will gain complete control of the security and supply chain management of this hazardous product.
About Special Materials Company
SMC, formed in 1996, and headquartered in New York City, is a global specialty chemical company serving global markets in agriculture, energy, paint and coatings, paper, cosmetics, pharmaceuticals, and intermediates. Currently, SMC has ownership of 3 factories in China, and one factory in the United States with several logistics distribution centers across the globe. It was recently named to the ICIS top 100 Global Chemical Distributors list.
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