Clariant Announces Global Price Increases

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
UK 100

Latest directors dealings