Göteborg, December 6, 2006 - Eka Chemicals, an Akzo Nobel company, is to increase prices by 15 percent on all wet-strength additives in Europe.
“The company has undertaken strong efforts to optimize product efficiency and reduce production costs. Despite these actions, measures are now necessary to compensate for the steep rise in raw material prices,” says Lennart Nilsson, Director of Sales and Marketing at Pulp and Paper, Europe.
"Due to continuous increases in the costs of raw materials for the production of wet-strength additives, we now find we have to increase prices in order to compensate."
The new prices will be implemented as of January 1, 2007.
For further information, please contact:
Eka Chemicals AB, Bohus, Sweden
Lennart Nilsson, Director Sales and Marketing, Pulp and Paper Europe
Phone: +46 31 58 70 00
Eka Chemicals with its 2,900 employees in 30 countries, is a business unit within Akzo Nobel. Turnover in 2005 amounted to EUR 889 million. Eka Chemicals is a leading supplier of bleaching chemicals, paper chemicals and systems to the pulp and paper industry throughout the world, and supplies specialty chemicals to, among others, the pharmaceuticals industry, water treatment, and electronics industry. www.eka.com
Akzo Nobel is a Global Fortune 500 company and is listed on both the Euronext Amsterdam and NASDAQ stock exchanges. It is also listed on the Dow Jones Sustainability Indexes. Based in the Netherlands, we are a multi-cultural organization, serving customers throughout the world with human and animal healthcare products, coatings and chemicals. We employ around 61,500 people and conduct our activities in four segments − human and animal health, coatings and chemicals −subdivided into 13 business units, with operating subsidiaries in more than 80 countries. Consolidated revenues for 2005 totaled EUR 13 billion. The financial results for the full year will be published on February 15, 2007. www.akzonobel.com