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Clariant Announces Global Price Increases

Published on 2007-11-30. Author : SpecialChem

Muttenz -- Clariant, a world leader in specialty chemicals, announceda further global price increase in the range of 5% to 12%.

In recent months Clariant has significantly decreased its costs. The company hasaccelerated its restructuring efforts and increased productivity. In the same period,feedstock prices of the chemical industry have risen dramatically. Clariant finds itself inthe position now, where further price increases are necessary to compensate for the highspeed of raw material and energy cost rises. Therefore the company will increase its pricesin the range of 5% to 12%.

In a letter addressing the customers, Jan Secher, CEO of Clariant, wrote: "In order to meetthe future needs of our customers, we have to remain a strong partner, who is able tofurther invest in process and product innovations, as well as in availability, quality andsafety of our products. On this basis we are forced to significantly increase our prices inorder to meet these expectations."

Clariant - Exactly your chemistry.

Clariant is a global leader in the field of specialty chemicals. Strong business relationships, commitment to outstanding serviceand 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 around 21,000 people.Headquartered in Muttenz near Basel, Switzerland, it generated sales of CHF 8.1 billion in 2006. Clariant's businesses areorganized in four divisions: Textile, Leather & Paper Chemicals, Pigments & Additives, Masterbatches and FunctionalChemicals.

Clariant is committed to sustainable growth springing from its own innovative strength. Clariant's innovative products play akey role in its customers' manufacturing and treatment processes or else add value to their end products. The company'ssuccess is based on the knowhow of its people and their ability to identify new customer needs at an early stage and to worktogether with customers to develop innovative, efficient solutions.

Source: Clariant

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