Industry News

Clariant's Polymer Additives Business Increases Prices

Published on 2010-09-17. Author : SpecialChem

MUTTENZ -- Clariant's Business Unit Polymer Additives announced global price increases for its coatings products of between 10-15%.

The price adjustments are necessary to compensate for significant increases in raw material and transportation costs, alongside continuing high energy costs.

"We have absorbed significant cost increases through production optimization and other efficiency-increasing measures, but we have now reached the limit of what we can do with these tools, "comments Jérôme Abrahmi, Head of Clariant's Polymer Additives Business Unit. "Our objective is to ensure a long term commitment to the coatings industry and a continuous supply of high quality products and services, Therefore, the current situation leave us no alternative other than to increase our prices."

Clariant customers will be contacted individually regarding the specifics of the price increases as they apply to their products and regions. New prices will be effective for all deliveries as of September 15, 2010 or as contracts allow.

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 17,300 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 world-class 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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