Rockwood Color Pigments and Services, a business unit of Rockwood Holdings, Inc. (NYSE: ROC), announces a global price increase, as contracts permit, of $120/Mt effective August 1, 2012 on all synthetic iron oxide pigment products. The price increase is necessary to support Rockwood’s ongoing investment to upgrade infrastructure, address regional regulatory requirements and support ongoing activities in new product development and innovation.
Rockwood’s sales organization will contact customers individually to discuss the announced increase.
Rockwood’s Color Pigments & Services Division is one of the largest worldwide suppliers of colored pigments for construction, coatings, plastics and specialty applications. The Division’s manufacturing sites and customer service centers are located in the United States, United Kingdom, France, Italy, Germany, Australia and China with additional sales offices located in Singapore and Hong Kong. For more information on Rockwood, please visit www.rockwoodpigments.com.
The Rockwood Color Pigments & Services Division is a business unit of Rockwood Holdings, Inc., (NYSE: ROC) Princeton, N.J., U.S.A. Rockwood Holdings, Inc. is a leading global inorganic specialty chemicals and advanced materials company. Rockwood has a worldwide employee base of approximately 9,700 people and annual net sales of approximately $3.7 billion. The company focuses on global niche segments of the pigments, lithium, surface treatment, additives and advanced materials markets. For more information on Rockwood, please visit www.rocksp.com.The information set forth in this press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the business, operations and financial condition of Rockwood Holdings, Inc. and its subsidiaries and affiliates ("Rockwood"). Words such as "anticipates," "believes," "estimates," "expects,""forecasts," "predicts" and variations of such words or expressions are intended to identify forward-looking statements. Although Rockwood believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. "Forward-looking statements" consist of all non-historical information, including any statements referring to the prospects and future performance of Rockwood. Actual results could differ materially from those projected in Rockwood's forward-looking statements due to numerous known and unknown risks and uncertainties, including, among other things, the "Risk Factors" described in Rockwood's 2009 Form 10-K on file with the Securities and Exchange Commission. Rockwood does not undertake any obligation to publicly update any forward looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.