Ciba Specialty Chemicals hikes prices for water treatment chemicals in NAFTA region
Effective Jan. 15 or where contracts allow, the price increases will range from 5% to 10% and will include the company's full line of water treatment chemicals. The hikes are to help offset continuing rise in raw material costs and continued high energy costs, as well as company commitment to maintain quality, service, and innovation...
SUFFOLK, VA, Dec. 29, 2005 -- Ciba Specialty Chemicals Corp. announced yesterday that its Water Treatment business in the NAFTA region will increase prices for its water treatment chemicals effective Jan. 15 or where contracts allow. The price increases will range from 5% to 10% and will include the company's full line of water treatment chemicals. Customers will be contacted individually regarding the increase.
According to David Muldoon, NAFTA Region Head for Business Line Water, "Raw material costs -- related to energy, transportation, and major chemical feedstocks -- have continued to rise. These price increases are necessary to offset the continuing rise in operational costs and will allow us to remain a reliable and competitive supplier to the water treatment industry."
The move in pricing will help to ensure that the company continues to provide its customers with innovative, quality products and a high level of service in a competitive environment.
Ciba Specialty Chemicals (www.cibasc.com) 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 textiles, plastics, paper, automobiles, buildings, home and personal care products and much more. Ciba Specialty Chemicals is active in more than 120 countries around the world and is committed to be a leader in its chosen markets. In 2004, the Company generated sales of US$5.7 billion and invested US$232 million in R&D.