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[June 2008]
Nalco to Raise Prices for Colloidal Technologies Group Customers
Nalco Company (Naperville, IL, USA) has announced global price increases of 10% to 15% for its colloidal technologies customers on a broad range of colloidal silica and related products that are part of the company's customer solution packages.
The price increases are driven by continuing significant escalation in the cost of raw materials, energy and freight, due to historically high oil and chemical raw material prices. Nalco's sales engineers will discuss the specific impacts of these increases with individual customers.
"In the past months, we have seen extraordinary cost increases in key raw materials, driven by energy costs and global demand for basic commodities," said Joe Kosiek, Strategic Business Manager, Colloidal Technologies Group. "The prices for crude oil and natural gas have significantly impacted the cost of raw materials, packaging, conversion costs and freight for our products. Global demand and other market forces are also driving unprecedented cost increases for basic raw materials used in the manufacture of our products."
These increases are part of an ongoing process to keep prices in line with product and freight costs for Nalco programmes and will allow it, added the company, to continue to invest in research, manufacturing process improvements and new product development to enhance the value Nalco creates for customers.
The Colloidal Technologies Group manufactures colloidal silica, specialty sols and complementary process chemicals used in various industries including precision investment casting of metal parts, polishing of silicon wafers, memory disks and other electronic substrates, vacuum formed shapes and high temperature refractories, catalyst supports, wine and juice clarification and specialty coatings.
www.nalco.com
ENDS