Nalco to hike chemical prices for the paper industry
Nalco Company was to increase prices for specialty chemicals sold to paper industry customers, effective Oct. 1 for non-contract customers and effective Nov. 1 for contract customers. The price increases will range from 5-10% for most products, with more significant adjustments for silicone-based materials...
NAPERVILLE, IL, Sept. 27, 2004 (BUSINESS WIRE) -- Nalco Company was to increase prices for specialty chemicals sold to paper industry customers, effective Oct. 1 for non-contract customers and effective Nov. 1 for contract customers. The price increases will range from 5-10% for most products, with more significant adjustments for silicone-based materials.
The price increase is driven by continued significant increases in cost of raw materials, energy and freight, and applies in addition to the price adjustments announced in June. Nalco's Paper Services Account Managers will contact individual customers regarding this increase.
Nalco is the leading provider of integrated water treatment and process improvement services, chemicals and equipment programs for industrial and institutional applications. The company currently serves more than 60,000 customer locations representing a broad range of end markets. It has established a global presence with over 10,000 employees operating in 130 countries supported by a comprehensive network of manufacturing facilities, sales offices and research centers. In 2003, Nalco achieved sales of $2.8 billion.
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