NAPERVILLE, Ill., Dec. 19, 2010 (GLOBE NEWSWIRE) -- Nalco (NYSE:NLC), providing essential expertise for water, energy and air, is implementing a price increase for customers across the Asia Pacific region, effective Jan. 1, 2011 or as contracts permit. Increases will range from six to 18 percent depending on country and specific Nalco program.
"We have experienced significant raw materials cost increases and some raw material availability shortages," said Eric Melin, Nalco Executive Vice President and President, Asia Pacific. "We are also affected by wage inflation across Asia, and particularly pronounced in China and India. By increasing our prices as our costs increase, we can continue to invest in research, manufacturing process improvements and development of our field engineers to enhance the sustainable solutions we provide and the value we create for our customers."
Nalco's sales engineers will discuss the particular impacts of these increases with individual customers. Pulp and paper industry customers in Asia are not included in this price increase as they are affected by a previously announced global pricing increase for the paper industry that also takes effect Jan. 1.
About Nalco
Nalco is the world's largest sustainability services company focused on industrial water, energy and air applications; delivering significant environmental, social and economic performance benefits to our customers. We help our customers reduce energy, water and other natural resource consumption, enhance air quality, minimize environmental releases and improve productivity and end products while boosting the bottom line. Together our comprehensive solutions contribute to the sustainable development of customer operations. Nalco is a member of the Dow Jones Sustainability Indexes. More than 11,500 Nalco employees operate in 150 countries supported by a comprehensive network of manufacturing facilities, sales offices and research centers to serve a broad range of end markets. In 2009, Nalco achieved sales of more than $3.7 billion. For more information visit www.nalco.com.
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