Wesel, July 20, 2007
ELANTAS Announces Price Increase in Europe
ELANTAS, the Division Electrical Insulation of ALTANA AG, is announcing price increases for its wire enamel product line in Europe of 2 to 5% starting September 1, 2007 or as contracts allow. The price increase is to offset increases in raw material costs. This price adjustment will allow ELANTAS and its affiliates to continue to offer the high performance of products and services that the customers expect.
ALTANA develops and produces high-quality innovative products in the specialty chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, is a genuine “global player” with 83% of its sales generated by international activities. The ALTANA Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants. All of these divisions occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.
ALTANA offers innovative, environmentally compatible solutions with the matching specialty 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 Group has 31 production facilities and 45 service and research laboratories worldwide. Throughout the group 4,500 people work to ensure the success of ALTANA worldwide. In 2006 ALTANA achieved sales of about 1.3 billion euros. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide.