Arch Chemicals Announces Global Price Increases for Biocides Used in Preservation & Protection and Health & Hygiene Applications
12 Giugno 2008 - 5:15PM
Business Wire
Arch Chemicals, Inc. (NYSE:ARJ) has announced that to offset rising
raw material, energy and packaging costs it is implementing price
increases globally for biocides used in building products, marine
antifouling paints, antidandruff shampoos, health and hygiene
applications, metalworking fluids and plastics. In addition, Arch
will implement fuel surcharges to address unprecedented increases
in transportation costs. The price increases are for both list and
off-list prices and will become effective on or before July 1,
2008, or as contracts allow. Specific price increases and
surcharges will vary by customer depending on the products
purchased and their exposure to higher raw material, energy and
shipping costs. Headquartered in Norwalk, Connecticut (USA), Arch
Chemicals, Inc. is a global Biocides company with annual sales of
approximately $1.5 billion. Arch and its subsidiaries provide
innovative, chemistry-based solutions to control the growth of
harmful microbes. The Company�s concentration is in water, hair and
skin care products, treated wood, paints and coatings, building
products and health and hygiene applications. Arch Chemicals
operates in two segments: Treatment Products and Performance
Products. Together with its subsidiaries, Arch has approximately
3,000 employees and manufacturing and customer-support facilities
in North and South America, Europe, Asia, Australia and Africa. For
more information, visit the Company�s Web site at
http://www.archchemicals.com. Except for historical information
contained herein, the information set forth in this communication
contains forward-looking statements that are based on management's
beliefs, certain assumptions made by management and management's
current expectations, outlook, estimates and projections about the
markets and economy in which the Company and its various businesses
operate. Words such as "anticipates," "believes," "estimates,"
"expects," "forecasts," �intends,� "opines," "plans," "predicts,"
"projects," "should," "targets" and variations of such words and
similar expressions are intended to identify such forward-looking
statements. These statements are not guarantees of future
performance and involve certain risks, uncertainties and
assumptions ("Future Factors"), which are difficult to predict.
Therefore, actual outcomes and results may differ materially from
what is expected or forecasted in such forward-looking statements.
The Company undertakes no obligation to update publicly any
forward-looking statements, whether as a result of future events,
new information or otherwise. Future Factors which could cause
actual results to differ materially from those discussed include
but are not limited to: general economic and business and market
conditions; lack of growth in U.S. and European economies;
increases in interest rates; economic conditions in Asia; changes
in foreign currencies against the U.S. dollar; customer acceptance
of new products; efficacy of new technology; changes in U.S. or
foreign laws and regulations; increased competitive and/or customer
pressure; the Company's ability to maintain chemical price
increases; higher-than-expected raw material costs and availability
for certain chemical product lines; a change in the antidumping
duties on certain products; price increases due to changes in
Chinese taxes related to exports from China; increased foreign
competition in the calcium hypochlorite markets; unfavorable court
decisions, including unfavorable decisions in appeals of
antidumping rulings, arbitration or jury decisions or tax matters;
the supply/demand balance for the Company's products, including the
impact of excess industry capacity; failure to achieve targeted
cost-reduction programs; capital expenditures in excess of those
scheduled, such as the China plant; environmental costs in excess
of those projected; the occurrence of unexpected manufacturing
interruptions/outages at customer or Company plants; a decision by
the Company not to start up the hydrates manufacturing facility;
unfavorable weather conditions for swimming pool use; inability to
expand sales in the professional pool dealer market; the impact of
global weather changes; changes in the Company�s stock price; and
gains or losses on derivative instruments.
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