Home Home Sitemap Sitemap Contact Contact
| | | | | | | | |

News

Eka Chemicals to increase prices on paper chemicals.

Marietta, GA, US, June 30, 2008. Eka Chemicals, AkzoNobel´s Pulp and Paper Chemicals business, will increase prices across its entire North American Paper Chemicals product range by up to 30% with immediate effect, or as contracts permit.      


“Unprecedented recent increases in the cost of basic materials, energy and transportation have impacted Eka Chemicals’ cost structure dramatically.” says Malcolm Williamson, Director of Strategic Accounts and Marketing, Eka Chemicals Inc. North America. “Continual efforts to streamline our operations and optimize cost are being significantly outpaced by these increases. It is therefore absolutely necessary for prices to be increased in order to maintain our sustainable business model.”

For more information
Eka Chemicals Inc.
Telephone 770-321-5821
Steve Main
North American Communications Manager

Note to editors
AkzoNobel is proud to be one of the world’s leading industrial companies. Based in Amsterdam, the Netherlands, we make and supply a wide range of paints, coatings and specialty chemicals – pro forma 2007 revenue totaled €14.4 billion. In fact, we are the largest global paints and coatings company. As a major producer of specialty chemicals we supply industries worldwide with quality ingredients for life’s essentials. We think about the future, but act in the present. We’re passionate about introducing new ideas and developing sustainable answers for our customers. That’s why our 60,000 employees – who are based in more than 80 countries – are committed to excellence and delivering Tomorrow’s Answers Today.

Eka Chemicals, with 2,700 employees in 28 countries 2007, is a business unit within Akzo Nobel. Turnover 2007 amounted to 991 mEUR. Eka Chemicals is a leading supplier of bleaching chemicals, paper chemicals and systems to the pulp and paper industry throughout the world, and supplies certain special chemicals to the pharmaceuticals industry, water treatment, the electronics industry etc.
 

Safe Harbor Statement
This press release contains statements which address such key issues as Akzo Nobel’s growth strategy, future financial results, market positions, product development, products in the pipeline, and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business please see our latest Annual Report, a copy of which can be found on the company’s corporate
website www.akzonobel.com.