Ciba Specialty Chemicals announces global price increase for certain additives for plastics

24-Aug-2006

Ciba specialty chemicals announced a global price increase of 5 percent to 15 percent for certain of its antioxidants and phosphite processing stabilizers for plastics sold around the world under the trade names Ciba® IRGANOX® and Ciba® IRGAFOS®. The price increase is effective immediately or where contracts may allow.

"The price increase is necessary to partially offset escalating global raw materials, energy and logistics costs," said Philippe Schlaepfer, Global Head for Ciba Specialty Chemicals' Base Polymers business. "We remain committed to ensure supply with high quality support and maintain our level of service and innovation; this can only be achieved if some of the inflation in raw material prices, energy and logistics costs is passed through the chain."

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