Pratteln, Switzerland - 27/03/2014
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, diversified provider of specialty chemicals serving the branded and performance textiles, packaging and paper, and coatings, adhesives and sealants markets.
Headquartered in Pratteln, Switzerland, Archroma operates in over 100 countries, with 2,800 employees located in 31 countries and 25 production sites.
Archroma is passionate about delivering leading and innovative solutions, enhancing people’s lives and respecting the planet. The company is committed to the principles of "The Archroma Way to a Sustainable World: Safe, Efficient, Enhanced. It's our nature!"; an approach reflected in its innovations, world-class quality standards, high service levels and cost-efficiency.
Archroma are proud members and/or partners with the following organizations