Industry News

Clariant Raises Prices for its Wax Portfolio

Published on 2010-12-22. Author : SpecialChem

MUTTENZ -- The Additives Business Unit of Clariant, a world leader in specialty chemicals, announces an increase of 5-15% in the price of its wax portfolio as a result of higher costs for major raw materials, transportation and energy.

Clariant produces high performance waxes which are used mainly in plastics, coatings and inks, as well as in adhesives and polishes.

"The current market environment, in combination with continued cost developments, leaves Clariant no other alternative but to increase prices for our customers", indicated Bernhard Ehrenreich, Head of Clariant's Waxes Business Line.

The price adjustments will take effect as of January 15th, 2011.

About Clariant

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 around 17,000 people. Headquartered in Muttenz near Basel, Switzerland, it generated sales of CHF 6.6 billion in 2009. Clariant is organized into ten Business Units: Additives; Detergents & Intermediates; Emulsions; Industrial & Consumer Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; and Textile Chemicals.

Clariant is committed to sustainable growth, which is derived from its own innovative strength. Clariant's worldclass products and services play a key role in its customers' manufacturing processes and 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.

Source: Clariant

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