Clariant
Clariant (SWX:CLN), a world leader in specialty chemicals, announced today a
further global price increase in the range of 5% to 12%.
In the recent months Clariant has significantly decreased its costs. The company
has accelerated its restructuring efforts and increased productivity. In the
same period, feedstock prices of the chemical industry have risen dramatically.
Clariant finds itself in the position now, where further price increases are
necessary to compensate for the high speed of raw material and energy cost
rises. Therefore the company will increase its prices in the range of 5% to 12%.
In a letter addressing the customers, Jan Secher, CEO of Clariant, wrote: 'In
order to meet the future needs of our customers, we have to remain a strong
partner, who is able to further invest in process and product innovations, as
well as in availability, quality and safety of our products. On this basis we
are forced to significantly increase our prices in order 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 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 21,000 people. Headquartered in Muttenz near Basel, Switzerland,
it generated sales of CHF 8.1 billion in 2006. Clariant's businesses are
organized in four divisions: Textile, Leather & Paper Chemicals, Pigments &
Additives, Masterbatches and Functional Chemicals.
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 knowhow 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
-0-
*T
Media Relations
Arnd Wagner, +41 61 469 61 58
or
Investor Relations
Holger Schimanke, +41 61 469 67 45
*T
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.