Nalco Announces Price Increase To The Paper Industry
May 04 2005 - 8:32AM
Business Wire
Nalco Company (NYSE:NLC) today announced a price increase for
specialty chemicals and all programs sold to paper industry
customers, effective immediately. The price increase will be 10
percent for most products, with more significant adjustments where
necessary. The price increase is driven by continued significant
increases in cost of raw materials, energy and freight. This price
increase is in addition to the price adjustments announced in June
and September of 2004. Nalco's Paper Services Account Managers will
follow up with their appropriate customers. Nalco is the leading
provider of integrated water treatment and process improvement
services, chemicals and equipment programs for industrial and
institutional applications. The company currently serves more than
60,000 customer locations representing a broad range of end
markets. It has established a global presence with over 10,000
employees operating in 130 countries supported by a comprehensive
network of manufacturing facilities, sales offices and research
centers. In 2004, Nalco achieved sales of $3 billion. This news
release includes forward-looking statements, reflecting current
analysis and expectations, based on what are believed to be
reasonable assumptions. Forward-looking statements may involve
known and unknown risks, uncertainties and other factors, which may
cause the actual results to differ materially from those projected,
stated or implied, depending on many factors, including, without
limitation: ability to generate cash, ability to raise capital,
ability to refinance, the result of the pursuit of strategic
alternatives, ability to execute work process redesign and reduce
costs, business climate, business performance, economic and
competitive uncertainties, higher manufacturing costs, reduced
level of customer orders, changes in strategies, risks in
developing new products and technologies, environmental and safety
regulations and clean-up costs, foreign exchange rates, the impact
of changes in the value of pension fund assets and liabilities,
changes in generally accepted accounting principles, adverse legal
and regulatory developments, including increases in the number or
financial exposures of claims, lawsuits, settlements or judgments,
or the inability to eliminate or reduce such financial exposures by
collecting indemnity payments from insurers, the impact of
increased accruals and reserves for such exposures, and adverse
changes in economic and political climates around the world,
including terrorism and international hostilities, and other risk
factors identified by the Company. Accordingly, there can be no
assurance that the Company will meet future results, performance or
achievements expressed or implied by such forward-looking
statements. This paragraph is included to provide safe harbor for
forward-looking statements, which are not generally required to be
publicly revised as circumstances change, and which the Company
does not intend to update.
Nalco (NYSE:NLC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Nalco (NYSE:NLC)
Historical Stock Chart
From Sep 2023 to Sep 2024