Clariant Announces Further Price Increases
Clariant, a global market leader in specialty chemicals, announces
further increases of various product segments of the Textile, Leather
& Paper Chemicals, Pigments & Additives as well as Functional
Chemicals Division with immediate effect.
A continued high level of crude oil prices and energy costs as
well as reduced supply for key raw materials due to the closing of
several production plants in China to decrease environmental impact
cause an ongoing increase in raw material prices.
Consequently price increases will be affected in the following
segments: Dyes, Optical Brighteners, Polymer Dispersions, Leather
Chemicals and Ethoxylates of the Textile, Leather & Paper Chemicals
Division as well as Pigments, Preparations, Polymer Additives, Flame
Retardants and Intermediates of the Pigments & Additives Division. The
price increases vary for example between 10 to 30 percent for specific
dyes or 10 to 15 percent for Optical Brighteners depending on the
product respectively 5 percent for Chinacridones or 15 percent for
lacquered pigments.
Clariant's Functional Chemicals Division just recently announced
price adjustments to address both recent and announced raw material
cost increases especially for products containing ethylene, ethylene
oxide as well as fatty alcohol and fatty acid.
Clariant remains committed to a continuous supply of its products
and a high level of service and innovation to meet its customers'
requirements. Customers will be contacted individually regarding the
specifics of the price increases as they apply to their situation.
Calendar of Corporate Events
August 2, 2007 First Half 2007 Results
November 7, 2007 Nine Month 2007 Results
February 14, 2008 Full Year 2007 Results
April 10, 2008 Annual General Meeting
Clariant - Exactly your chemistry.
Clariant is a global leader in the field of specialty chemicals.
Strong business relationships, commitment to outstanding service and
wide-ranging application know-how make Clariant a preferred partner
for its customers.
Clariant, which is represented on five continents with over 100
group companies, employs about 21,500 people. Headquartered in Muttenz
near Basel, it generated sales of around CHF 8.2 billion in 2005.
Clariant's businesses are organized in four divisions: Textile,
Leather & Paper Chemicals, Pigments & Additives, Functional Chemicals
and Masterbatches.
Clariant is committed to sustainable growth springing from its own
innovative strength. Clariant's innovative products play a key role in
its customers' manufacturing and treatment processes or else add value
to their end products. The company's success is based on the know-how
of its people and their ability to identify new customer needs at an
early stage and to work together with customers to develop innovative,
efficient solutions.
www.clariant.com