Clariant’s Masterbatches Business increases prices

Muttenz, 1 July 2011 – 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. ”Our objective is to ensure a long term commitment to the Masterbatches industry and a continuous supply of high quality products and services. Therefore, the current situation leaves us no other alternative.”

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.