Eka Chemicals will increase sodium chlorate prices in Europe with immediate effect, contracts permitting.
“This price adjustment is a necessity to secure long-term sustainability in the sodium chlorate business,” says Lennart Nilsson, Director of Sales and Marketing at Eka Chemicals.
“We have seen the electrical power cost steadily escalate during the last five years, which leaves us with no other option. Since electricity represents a major part of the sodium chlorate manufacturing costs, improvement in efficiency cannot alone compensate for the new cost level.”
For further information, please contact:
Lennart Nilsson, Director, Sales and Marketing
+46 31 587158 or +46 709 577158
Eka Chemicals
Eka Chemicals, with its 2,900 employees in 30 countries, is a business unit within Akzo Nobel. Turnover in 2005 amounted to EUR 889 million. Eka Chemicals is a leading supplier of bleaching chemicals, paper chemicals and systems to the pulp and paper industry throughout the world. It supplies specialty chemicals to, among others, the pharmaceuticals industry, water treatment, and electronics industry. www.eka.com
Akzo Nobel is a Global Fortune 500 company and is listed on both the Euronext Amsterdam and NASDAQ stock exchanges. It is also listed on the Dow Jones Sustainability Indexes. Based in the Netherlands, we are a multi-cultural organization, serving customers throughout the world with human and animal healthcare products, coatings and chemicals. We employ around 61,500 people and conduct our activities in four segments − human and animal health, coatings and chemicals −subdivided into 13 business units, with operating subsidiaries in more than 80 countries. Consolidated revenues for 2005 totalled EUR 13 billion. Financial results for the first quarter will be published on April 20, 2006. www.akzonobel.com