NAPERVILLE, Ill., Jan. 10, 2011 /PRNewswire/ -- Nalco (NYSE: NLC), providing essential expertise for water, energy and air, has announced its Water and Process Services division is implementing a price increase for all water services industry segments, effective immediately or as contracts permit. Pricing for most Nalco programs will increase between seven and 15 percent, depending on product mix. Price increases will vary by country and industry, driven by local cost increases and will supplement previously announced increases for the paper services segment which were effective Dec. 1 of last year.
The need for these price increases is driven by the continued and significant escalation of energy and raw material costs, tightening availability of some raw materials and rising freight and personnel costs. Nalco sales engineers will contact individual customers to discuss the impact of these increases.
"Price pressure and the availability of key raw materials in particular are making it necessary to appropriately increase prices to help offset these ongoing cost hikes," said David Flitman, Senior Executive Vice President and President, Water and Process Services. "These increases will enable Nalco to continue to invest in research and development, manufacturing process improvements and the development of our people, which allows us to provide sustainable solutions and the value and service that our customers expect."
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.
This news release includes forward-looking statements, reflecting current analysis and expectations, based on what are believed to be reasonable assumptions. Forward-looking statements may involve known and unknown risks, uncertainties and other factors, which may cause the actual results to differ materially from those projected, stated or implied, depending on many factors, including, without limitation: ability to generate cash, ability to raise capital, ability to refinance, the result of the pursuit of strategic alternatives, ability to execute work process redesign and reduce costs, ability to execute price increases, business climate, business performance, economic and competitive uncertainties, higher manufacturing costs, reduced level of customer orders, changes in strategies, risks in developing new products and technologies, environmental and safety regulations and clean-up costs, foreign exchange rates, the impact of changes in the regulation or value of pension fund assets and liabilities, changes in generally accepted accounting principles, adverse legal and regulatory developments, including increases in the number or financial exposures of claims, lawsuits, settlements or judgments, or the inability to eliminate or reduce such financial exposures by collecting indemnity payments from insurers, the impact of increased accruals and reserves for such exposures, weather-related factors, and adverse changes in economic and political climates around the world, including terrorism and international hostilities, and other risk factors identified by the Company. Accordingly, there can be no assurance that the Company will meet future results, performance or achievements expressed or implied by such forward-looking statements. This paragraph is included to provide safe harbor for forward-looking statements, which are not generally required to be publicly revised as circumstances change, and which the Company does not intend to update.
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