Frankfurt, November 10th, 2006, Effective November 15th, 2006, Almatis will raise prices on its entire specialty alumina product range for refractory, ceramics & polishing applications. Price increases will range between 8 to 15 percent on a global basis and will be effective for all new contracts placed after November 15th, 2006.
"Increases in logistics, energy and material costs continue to be a critical price determinant. However, these price adjustments will allow Almatis to remain the largest investor in the industry. As with our $18 million investment in our new fully integrated tabular alumina facility in Qingdao, China, we aim to continuously upgrade and expand our production capacities to ensure the supply of our premium aluminas to customers worldwide", states Heide Evans, Global Vice President Commercial for Refractory, Ceramics & Polishing.
About Almatis
Almatis is the global leader in the development, manufacture and supply of high quality specialty alumina products. With near 900 employees worldwide, the company's products are used in a wide variety of industries, including steel production, cement production, non-ferrous metal production, plastics, paper, ceramics, carpet manufacturing and electronic industries. Almatis is headquartered in Frankfurt, Germany.