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Rockwood Press Release
Rockwood Color Pigments & Services Announces
Global Price Increases for Color Pigments
Beltsville, MD USA (May 29, 2008) – Rockwood Color Pigments & Services announces a worldwide price increase of 5% to 20% effective July 1, 2008 for its full range of pigments; including iron oxide (synthetic and natural), carbon blacks and chromium oxide greens with additional increases on specialty pigment types.
“The variable costs for pigment raw materials have risen in all areas at an unprecedented rate. Global prices for metal feedstocks, acids, alkalis, packaging material, energy and transportation continue their upward climb. While we have worked hard to mitigate these cost increases through productivity and supply chain improvements, the magnitude of these cost increases mandates an increase at this time,” said Andrew M. Ross, President of Rockwood's Color Pigments Division.
Rockwood Color Pigments & Services remains committed to providing its customers with the best possible products and services by continuing to invest in its global facilities, innovation, exceptional services and continuous productivity improvements.
Rockwood’s Color Pigments & Services Division is one of the largest worldwide suppliers of iron oxides and colored inorganic pigments for construction, coatings, plastics and specialty applications. The Division’s manufacturing sites and customer service centers are located in the United States, United Kingdom, Italy, Germany, Australia and China with additional sales offices located in Singapore. The Rockwood Color Pigments & Services Division is part of Rockwood Holdings, Inc., Princeton, N.J., U.S.A.
Rockwood Holdings, Inc. is a leading global specialty chemicals and advanced materials company. Rockwood has a worldwide employee base of approximately 9,500 people and annual net sales of approximately $3.1 billion. The company focuses on global niche segments of the specialty chemicals, 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 2006 Form 10-K 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.
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