Ciba’s Coatings Effects Segment has initiated a price increase of between 10 and 20% for most classical pigments. Price increases are effective immediately or as contracts allow.

Ciba’s Coatings Effects Segment has initiated a price increase of between 10 and 20% for most classical pigments. Price increases are effective immediately or as contracts allow. According to the company, this price increase results from significant increases in raw material costs brought about by the closing of several production plants and significantly reduced output volumes to limit environmental impact as well as lower export tax rebates in China. Ciba said that customers will be contacted individually regarding the specifics as they apply to their contractual situation.

“Prices of key raw materials for classical pigments have continued to increase dramatically over the past few months. We have no option but to pass on these increases to our customer base,” says Mike Mordente, head of Business Line Imaging and Inks. “These price increases are required to allow us to remain a reliable and competitive supplier to the industry and provide our customers with innovative and quality products along with consistent high levels of service. We will continue to monitor raw material cost developments in all areas and respond appropriately.

The company’s website is at www.cibasc.com.