Clariant Increases Price for its Waxes Product Portfolio

Muttenz -- Clariant, one of the world leader in specialty chemicals, announces a 4% price increase across its Business Line Waxes product portfolio, effective April 1, 2014 or as contracts allow.

The adjustment is necessary to recover significant rising costs for energy, labor, and product safety, since the last price increase of the Business Line Waxes in 2011.

"Despite our best efforts to offset rising costs, it has become necessary to implement a price increase to ensure we can continue our strategy of innovation and expansion to support our customers," comments Bernhard Ehrenreich, Vice President and Head of Business Line Waxes.

About Clariant

Clariant is one of the globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On December 31, 2013 the company employed a total workforce of 18,099. In the financial year 2013, Clariant recorded sales of CHF 6.076 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis & Energy, Natural Resources, and Plastics & Coatings. Clariant’s corporate strategy is based on four pillars: managing businesses for profitability, research & development and innovation, growth in emerging markets, and repositioning of the portfolio.

Source: Clariant