Wesel/Grevenbroich, August 28
ALTANA Coatings & Sealants: Price increase for solvent based coatingsRhenania Coatings, Grevenbroich (Germany)and Rhenacoat, Sedan Cedex (France), both companies of ALTANA Chemie, will increasetheir prices for solvent based coatings by 5% to 7% as of October 1st.2006. “This markup mainly reflects increases in raw material and energy costs.But also due to major cost increase on transport and general cost of business,we are forced to increase our selling prices,” says Gerd Judith, GeneralManager of Rhenania Coatings and Business Line Manager.
ALTANA Chemie develops and produces high-quality innovative products in the specialty chemicals business. The ALTANA Chemie AG group, with headquarters in Wesel/Germany, is a genuine "global player" with 84% of its sales generated by international activities. The ALTANA Chemie Group has four divisions: Additives & Instruments, Effect Pigments, Electrical Insulation, and Coatings & Seal-ants. All of these divisions occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service. ALTANA Chemie offers innovative, environmentally compatible solutions with the matching speciality products for coating manufactures, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronic industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins & varnishes, and testing and measuring instruments.
At present the ALTANA Chemie Group has 34 production facilities and 42 service and research laboratories worldwide. Throughout the group about 4400 people work to ensure the success of ALTANA Chemie worldwide. In 2005 ALTANA Chemie achieved sales of 907 million euros. Its impressive earning power and high growth rate make ALTANA Chemie one of the most successful and innovative chemical groups worldwide.
Forward-looking statements speak only as of the date they are made. ALTANA does not intend, and does not assume any obligation, to update forward-looking statements to reflect facts, circumstances or events that have occurred or changed after such statements have been made.