Rockwood Press Release
Rockwood Lithium Announces Global Price Increases for Lithium Salts
Princeton, NJ USA (May 14, 2012) – Rockwood Lithium, a division of Rockwood Holdings, Inc. (NYSE: ROC), is announcing global price increases, as contracts permit, of up to $1,000 per metric tonne for its lithium salts, especially lithium carbonate and lithium hydroxide, effective July 1.
"This price increase helps us fund our numerous investment projects to expand our global production facilities," said Dr. Steffen Haber, President of Rockwood Lithium. "These investments will ensure the long term availability of lithium products for existing and future markets such as for electric vehicles," Haber added.
Rockwood Lithium recently announced plans to invest $140 million in a new lithium carbonate production plant in Chile. In addition the company is completing previously announced expansions of its lithium brine system in Nevada and a new high purity lithium hydroxide plant in North Carolina.
Rockwood Holdings, Inc. is a leading global inorganic specialty chemicals and advanced materials company. Rockwood has a worldwide employee base of approximately 9,700 people and annual net sales of approximately $3.7 billion. The company focuses on global niche segments of the lithium, surface treatment, pigments and additives and advanced materials markets. For more information on Rockwood, please visit www.rocksp.com.
The information set forth in this press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the business, operations and financial condition of Rockwood Holdings, Inc. and its subsidiaries and affiliates ("Rockwood"). Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "predicts" and variations of such words or expressions are intended to identify forward-looking statements. Although Rockwood believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. "Forward-looking statements" consist of all non-historical information, including any statements referring to the prospects and future performance of Rockwood. Actual results could differ materially from those projected in Rockwood's forward-looking statements due to numerous known and unknown risks and uncertainties, including, among other things, the "Risk Factors" described in Rockwood's periodic reports on file with the Securities and Exchange Commission. Rockwood does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.