KMG Electronic Chemicals to Increase Prices for High-Purity Process Chemicals Used in Electronic Applications
Posted on: Friday, 25 April 2008, 18:00 CDT
KMG Electronic Chemicals, Inc. today announced that it will increase the prices for certain high-purity process chemicals in North America. The increases are effective May 1, 2008 and will range between 5 and 18 percent. The Company attributes the increase primarily to the continued escalation in raw material prices, particularly those that are heavily influenced by the energy and agricultural markets.
Likewise, the cost of transportation continues to rise due to increasing fuel costs, and while KMG continuously seeks ways to minimize the impact, the pricing initiative is necessary to address the escalating material and distribution costs.
About KMG Electronic Chemicals
KMG Electronic Chemicals is a leading supplier of high-purity process chemicals used in the semiconductor and silicon wafer industries. Purity levels are controlled to the parts per trillion for trace metallics and 0.065 microns for particles. Product line includes cleaning chemistries for front and back end applications and a series of enchants for various thin films. Visit our website at kmgchemicals.com
The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, the impact of competitive services and pricing and general economic risks and uncertainties.
Source: Business Wire
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