Josina van der Velden
Reinach, 27 March 2014 – Archroma, a global leader in specialty chemicals, today announced significant double digit price increases which will apply to several of its dyes for the paper industry.
One of the major drivers for the company’s decision is the 200 to 300% cost increase of key naphthalene derivatives known as Letter Acids that are necessary to produce black, blue and red dyes. The situation is the result of the pressure by India and China authorities requiring producers to reduce their output until improved waste water treatment facilities are in place.
We tried to absorb these increasing costs as much as possible, however the situation has been worsening in the last quarter of 2013 and the first quarter of 2014,” explained Helmut Wagner, Global Head of Paper Solutions Business at Archroma. “We currently foresee no likely return to the previous cost levels.”
Price increases will be effective immediately or as contracts allow.
© 2014 Archroma
Archroma is a global color and specialty chemicals company headquartered in Reinach near Basel, Switzerland. It operates with 3,000 employees over 35 countries and with 25 production sites. Its three businesses – Brand & Performance Textile Specialties, Packaging & Paper Specialties, and Coatings, Adhesives & Sealants – deliver specialized performance and color solutions to meet customers’ needs in their local markets, touching and coloring people’s lives every day, everywhere.
Archroma is passionate about delivering leading and innovative solutions, enhancing people’s lives and respecting the planet. The company is committed to challenging the status quo in the deep belief that it can make its industry sustainable; an approach reflected in its innovations, world-class quality standards, high service levels and cost-efficiency. Products enhanced, colors enhanced, performance enhanced – “Life enhanced”.
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