NAPERVILLE, Ill., June 23, 2011 /PRNewswire/ -- Nalco (NYSE: NLC)
continues to achieve good price increase progress to offset higher
raw material costs and will seek additional price increases as
necessary to offset any further raw material inflation, the Company
said today in advance of an investor webcast review next week on
its water and paper segments.
(Logo:
http://photos.prnewswire.com/prnh/20101231/NALCOLOGO)
Details on price increase progress, the 2011 outlook and
progress executing growth strategies in the global Water and
Process Services segment will be discussed in a previously
scheduled June 28 business review
webcast with Dave Flitman, Senior
Executive Vice President and President, Water and Process Services.
The webcast event will be available at www.nalco.com/investors.
"We have been actively negotiating prices at all accounts
throughout this year," said Nalco Chairman and CEO Erik Fyrwald. "In the critical North American
water and paper businesses, we had pricing agreements in place by
the end of April with 75 percent of our customers and have
continued to finalize agreements that we expect will cover our cost
increases on a run-rate basis by the end of the third quarter.
Based on our progress, including previously discussed efforts in
Energy Services which were highlighted in an investor call with
Steve Taylor on May 31, we expect margin improvement in the
second half of this year with 4th quarter margins more consistent
with our historical norms."
Water and Process Services Business Review
Date: 6/28/2011
Start Time: 10 a.m. ET / 9 a.m. CT / 8 a.m.
MT / 7 a.m. PT
Length: 60 minutes
Dial-in Telephone Number: 1-913-312-1438
Confirmation Code:
6595515
To help ensure the conference call begins in a timely manner,
please dial in five to 10 minutes prior to the scheduled start
time.
The webcast of Mr. Flitman's presentation will be available
through the Investor Relations section of Nalco's website,
www.nalco.com/investors. Following the live event, an archived
version of the webcast will also be available on the site under
Investor Relations, Archived Presentations. An archive of Mr.
Taylor's May 31 webcast is currently
available under Investor Relations, Archived Presentations.
About Nalco
Nalco is the world's largest sustainability services company
focused on industrial water, energy and air applications;
delivering significant environmental, social and economic
performance benefits to our customers. We help our customers reduce
energy, water and other natural resource consumption, enhance air
quality, minimize environmental releases and improve productivity
and end products while boosting the bottom line. Together our
comprehensive solutions contribute to the sustainable development
of customer operations. Nalco is a member of the Dow Jones
Sustainability World and North America Indexes. More than 12,000
Nalco employees operate in 150 countries supported by a
comprehensive network of manufacturing facilities, sales offices
and research centers to serve a broad range of end markets. In
2010, Nalco achieved sales of $4.25
billion. For more information visit www.nalco.com.
Follow us on Twitter at www.twitter.com/Nalco_Newsand
www.twitter.com/NalcoCompany.
SOURCE Nalco