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Ciba Announces Global Price Increases Across Portfolio

Published on 2008-06-04. Author : SpecialChem

Basel, Switzerland -- Ciba has announced substantial sales price increases across all product ranges with immediate effect, some in excess of 20%. Brendan Cummins, Chief Executive Officer, explains: "Further immediate price increases are needed to fully reflect the exposure of our products to unprecedented increases in raw material, energy and transport costs. In addition to these sales price increases, we will accelerate our efforts to improve efficiency and productivity across our operations."

About Ciba:

Ciba is a leading global company dedicated to producing high-value effects for its customers' products. We strive to be the partner of choice for our customers, offering them innovative products and one-stop expert service. We create effects that improve the quality of life - adding performance, protection, color and strength to plastics, paper, automobiles, buildings, home and personal care products and much more. Ciba is active in more than 120 countries around the world and is committed to being a leader in its chosen markets. In 2007, the Company generated sales of CHF 6.5 billion from continued operations and invested over CHF 260 million in R&D.

Source: Ciba

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