Nalco to Raise Prices for All Industries in Europe, Africa

Tag : Industries Raw Material


Source: Nalco Company Nalco to Raise Prices for All Industries in Europe, Africa andMiddle East
LEIDEN, The Netherlands, June 27, 2008 (PRIME NEWSWIRE) -- NalcoCompany (NYSE:NLC) today announced price increases on a broad rangeof chemical products for its Europe, Africa and Middle Eastcustomers across its three major divisions, effective immediately.Most increases will range from 7 to 30 percent, depending on theproducts' exposure to rising raw material, energy andtransportation costs. In a few cases price increases in excess of30 percent may apply.
The price increases are driven by significantly increased energyand raw material costs, tightening availability of some rawmaterials, and rising freight costs. Nalco's Account Managers willcontact individual customers to discuss these increases.
About Nalco
Nalco is the world's leading water treatment and processimprovement company, delivering significant environmental, socialand economic performance benefits to our customers. We help ourcustomers reduce energy, water and other natural resourceconsumption, enhance air quality, minimize environmental releasesand improve productivity and end products while boosting the bottomline. Together our comprehensive solutions contribute to thesustainable development of customer operations. More than 11,500Nalco employees operate in 130 countries supported by acomprehensive network of manufacturing facilities, sales officesand research centers to serve a broad range of end markets. In2007, Nalco achieved sales of more than $3.9 billion. For moreinformation visit www.nalco.com .
The Nalco Company logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1135
This news release includes forward-looking statements, reflectingcurrent analysis and expectations, based on what are believed to bereasonable assumptions. Forward-looking statements may involveknown and unknown risks, uncertainties and other factors, which maycause the actual results to differ materially from those projected,stated or implied, depending on many factors, including, withoutlimitation: ability to generate cash, ability to raise capital,ability to refinance, the result of the pursuit of strategicalternatives, ability to execute work process redesign and reducecosts, ability to execute price increases, business climate,business performance, economic and competitive uncertainties,higher manufacturing costs, reduced level of customer orders,changes in strategies, risks in developing new products andtechnologies, environmental and safety regulations and clean-upcosts, foreign exchange rates, the impact of changes in theregulation or value of pension fund assets and liabilities, changesin generally accepted accounting principles, adverse legal andregulatory developments, including increases in the number orfinancial exposures of claims, lawsuits, settlements or judgments,or the inability to eliminate or reduce such financial exposures bycollecting indemnity payments from insurers, the impact ofincreased accruals and reserves for such exposures, weather-relatedfactors, and adverse changes in economic and political climatesaround the world, including terrorism and internationalhostilities, and other risk factors identified by the Company.Accordingly, there can be no assurance that the Company will meetfuture results, performance or achievements expressed or implied bysuch forward-looking statements. This paragraph is included toprovide safe harbor for forward-looking statements, which are notgenerally required to be publicly revised as circumstances change,and which the Company does not intend to update.