Rohm and Haas to Impose Indexed Raw Material and Energy Surcharge for Specialty Materials Products
Posted on: Tuesday, 29 April 2008, 12:01 CDT
Rohm and Haas Company (NYSE:ROH) said today it will apply an indexed raw material and energy surcharge to products made by its US$4.9 billion Specialty Materials businesses, beginning in May. The index will be adjusted up or down monthly, based on the collective changes in key raw material, crude oil and natural gas costs.
These businesses -- Paint and Coatings Materials, Packaging and Building Materials and Primary Materials -- make performance-based products used in paints and coatings, adhesives, caulks, dispersants, plastics additives, and more.
The index will be in place for products shipped in North America, effective May 1, 2008, for products shipped in Latin America, Western Europe, the Middle East and Africa no later than May 7, 2008, and in Central and Eastern Europe and Turkey no later than May 15, 2008. Customers are being notified individually about how the index will apply to their purchases. The increase, or decrease, in this surcharge will be reflected in monthly customer billings.
About Rohm and Haas Company
Leading the way since 1909, Rohm and Haas is a global pioneer in the creation and development of innovative technologies and solutions for the specialty materials industry. The company's technologies are found in a wide range of industries including: Building and Construction, Electronics and Electronic Devices, Household Goods and Personal Care, Packaging and Paper, Transportation, Pharmaceutical and Medical, Water, Food and Food Related, and Industrial Process. Innovative Rohm and Haas technologies and solutions help to improve life every day, around the world. Based in Philadelphia, PA, the company generated annual sales of approximately $8.9 billion in 2007. Visit www.rohmhaas.com for more information. imagine the possibilities™
Source: Business Wire
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