(Clariant) -- The masterbatches
business unit of Clariant, a leading masterbatches player globally, announces
global price increases for most of its products. "During the past months, the
price development for our main raw materials, as well as other conversion costs,
has reached a level which we cannot absorb ourselves anymore, despite our
ongoing efforts to offset these costs with internal actions, such as in
particular our Operational and Commercial Excellence program. Also to finance
future investments to our supply chain in order to secure raw material
availability, we have no alternative but to increase prices," comments Hans
Bohnen, Head of Clariant`s Masterbatches Business Unit.
The price increases will become effective immediately or as contracts
allow. Clariant customers will be contacted individually regarding the specifics
of the price increase as they apply to their products and regions.
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