Wesel, June 14, 2004
ALTANA Electrical Insulation announces general price increase
Wesel, June 14, 2004 – ALTANA Electrical Insulation (AEI), a business unit of ALTANA Chemie AG, is announcing price increases for its wire enamel and secondary insulation product lines of 5 to 7% starting July 1 or as contracts allow. The increase is to offset increases in raw material costs and operational costs such as energy, environmental, legal and regulatory compliance. This price adjustment will allow ALTANA Electrical Insulation and its affiliates to continue to offer the high performance of products and services that the customers expect.
ALTANA Chemie develops and produces high-quality, innovative products in the specialty chemicals sector. ALTANA Chemie AG with its headquarters in Wesel, Germany, is the holding company for the three business units Additives & Instruments, Coatings & Sealants, and Electrical Insulation. ALTANA Chemie provides innovative and environmentally compatible solutions, along with the appropriate specialty products, for coatings manufacturers, paint and plastics processors, and the electronics industry. Its range of products includes additives, specialty coatings, sealing and compounds, impregnating agents, and testing and measuring instruments. In its target markets the company is market leader in terms of quality, innovation and service. In 2003 ALTANA Chemie with more than 2,600 employees achieved sales of €755m, making ALTANA Chemie one of the most innovative, fast-developing and profitable chemical corporations in the world.