Archroma to Increase Prices for Several Dyes for the Paper Industry
March 28, 2014 - Archroma [yesterday] announced significant double digit price increases which will apply to several of its dyes for the paper industry. One of the major drivers for the company's decision is the 200 - 300% cost increase of key naphthalene derivatives known as "Letter Acids" that are necessary to produce black, blue and red dyes.
The situation is the result of the pressure by India and China authorities requiring producers to reduce their output until improved waste water treatment facilities are in place, Archroma said.
"We tried to absorb these increasing costs as much as possible, however the situation has been worsening in the last quarter of 2013 and the first quarter of 2014," explained Helmut Wagner, Global Head of Paper Solutions Business at Archroma. "We currently foresee no likely return to the previous cost levels."
Price increases will be effective immediately or as contracts allow.
Created from the textile, paper and emulsions businesses of Clariant, Archroma is a global color and specialty chemicals company. To learn more, please visit: archroma.com