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Rockwood Press Release
Rockwood Color Pigments & Services Announces
Global Price Increases for Color Pigments
Beltsville, MD USA (September 14, 2007) – Rockwood Color Pigments & Services announces, with immediate effect, a worldwide price increase ranging from 7% to 15% for its full range of color pigments with additional increases on certain pigment types. This price increase will not be applied to Rockwood affiliate Elementis' portfolio of color pigments, which have been covered by a separate price increase announcement.
These price increases are necessary to recover ongoing escalation in the costs of raw materials, energy, transportation and packaging. 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 sales offices are located in the United States, United Kingdom, Italy, Germany, Australia and China with sales offices in Singapore and Shanghai, China. The Rockwood Color Pigments & Services Division is part of Rockwood Holdings, Inc., Princeton, N.J., U.S.A.
Rockwood Holdings, Inc. (NYSE: ROC) 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 $3.0 billion (2006). 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., 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 the 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 securities filings with the Securities and Exchange Commission, including its registration statement on Form S-1. 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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