GLK Great Lakes Bancorp New

Great Lakes Increases Prices of Bromine-Based Flame Retardants for Building and Construction Segments INDIANAPOLIS, May 31 /PRNewswire-FirstCall/ -- Great Lakes Chemical Corporation (NYSE:GLK) today announced it will increase prices worldwide on Firemaster(R) 550/552, Tetrabromophthalic anhydride (PHT4), Tetrabromophthalic anhydride derivatives, and HBCD (Hexabromocyclododecane) flame retardants. These price increases are in addition to all other increases previously announced and will be effective for shipments beginning July 1, 2005, or as contracts allow. Prices for the Firemaster 550/552 series (proprietary phosphorus and bromine based blend), Tetrabromophthalic anhydride (PHT4) and Tetrabromophthalic anhydride derivatives will increase globally by up to $0.15/lb respectively. Prices for HBCD (Hexabromocyclododecane) will increase by up to 5% globally. The company stated that the new pricing is necessary due to the unprecedented and rapidly increasing costs of key raw materials, energy products, and logistics which have also created significant availability concerns for certain key feed stocks. Additionally, these pricing actions are consistent with achieving profitability levels needed to support on-going investments required to meet rapidly expanding demand for flame retardant additives in the building and construction industry. Strong demand is driven by both expanding end use and fire safety regulatory requirements. Great Lakes is the world's leading producer of flame retardants with an aggressive commitment to technological innovation and product development. Offering the largest and broadest portfolio of flame retardants, Great Lakes products include bromine, phosphorus, and antimony-based flame retardants, other flame retardant synergists and smoke suppressants. These products protect against fire in plastics for consumer applications such as automotive, electrical, building materials, and furnishings. For more information about these product lines please visit the Great Lakes Flame Retardants website at http://www.fr.greatlakes.com/ . Great Lakes Chemical Corporation is the world's leading producer of certain specialty chemicals for such applications as water treatment, household cleaners, flame retardants, polymer stabilizers, fire suppressants, and performance products. The stock of the company is traded on the New York Stock Exchange. For more information, please visit the Great Lakes web site at http://www.greatlakes.com/ . DATASOURCE: Great Lakes Chemical Corporation CONTACT: Analyst contact: Paul Britton, +1-317-715-3027, , Media contact: Europe & Asia: Janet Gilboy, +44 161 875 3229, , Americas: Wendy Chance, +1-317-715-3027, , all of Great Lakes Chemical Corporation Web site: http://www.greatlakes.com/ http://www.fr.greatlakes.com/

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