19.09.2005 13:59:00
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Engelhard to Increase Prices
The price increases will vary depending on product line.Engelhard, a surface and materials science company, is characterizedby highly diverse products, markets and customers.
The company also said it plans certain surcharges to offset someof the unusual and dramatic cost increases for energy and logisticsresulting from this year's extreme hurricane season.
"Four years of steadily rising energy, raw material andlabor-related costs have had a sustainable impact that warrantsadditional price increases to enable us to continue to developvalue-added technology," said Barry W. Perry, Engelhard's chairman andchief executive officer. "Recent spikes beyond that trend lineexacerbate the challenge of pricing and will make additional increasesand surcharges necessary to offset that burden."
Engelhard Corporation is a surface and materials science companythat develops technologies to help customers improve their productsand processes. A Fortune 500 company, Engelhard is a world-leadingprovider of technologies for environmental, process, appearance andperformance applications. For more information, visit Engelhard on theInternet at www.engelhard.com.
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