SUGAR LAND, Texas, April 11, 2022 (GLOBE NEWSWIRE) — ChampionX LLC (the “” Company; or “ChampionX””) announced today that it will be enacting a supply surcharge on products shipped to its customers from Chemical Technologies. This supplement will take effect immediately. ChampionX is implementing this measure for Chemical Technologies customers until permanent pricing agreements are in place that reflect the current cost environment.
“The energy sector has been impacted by increasing global unrest on top of an already constrained supply environment, all of which have combined to result in continued high inflation. This has forced us to take this step ,” said Deric Bryant, Chief Operating Officer and President of Chemical Technologies, “This will allow us to continue to serve our customers seamlessly and ensure security of supply for their operations.”
“We have been proud to serve our customers during these unprecedented times for our industry, and I am proud of the results our ChampionX team has achieved in ensuring continuity of service and supply to customers’ vital operations,” said Bryant. “We appreciate the continued trust and support that our customers have placed in us and look forward to continuing to bring value to them in the months and years to come.”
About ChampionX LLC
ChampionX LLC is a subsidiary of ChampionX Corporation, a global leader in chemical solutions and advanced equipment and technologies that help companies drill for and produce oil and gas safely and efficiently around the world. ChampionX Corporation’s products provide efficient operation throughout the life cycle of a well, with an emphasis on the production phase of wells. To visit www.championx.com to learn more.
Contact Investor: Byron Pope
Media Contact: John Race
Source: Champion X Corporation