Clariant Oil & Mining Services Announces Immediate Price Increase

HOUSTON, March 13, 2012 /PRNewswire/ -- Clariant Oil & Mining Services, a world leader in specialty chemicals, announced today an increase in prices effective April 1, 2012.

These price adjustments are necessary to offset significant increases in raw material, freight and general inflation which is being driven predominantly by increasing crude oil costs.  This situation is exacerbated due to the availability of several vital feedstocks becoming tight due to record capacity utilization. Details, and the specific timing of the price increases, are being communicated to customers individually.

"Throughout the past few quarters, we have absorbed significant cost increases utilizing Lean Sigma and other efficiency measures," said Chris Oversby, Vice President & General Manager of Clariant's global Oil & Mining Services business. "However, the size of these latest cost increases necessitates this price adjustment. Our objective is to continue to provide cost-effective and innovative solutions to the industries that we serve and in doing so, continue to add value to our customers' operations."

news.clariant.com
Clariant is an internationally active specialty chemical company based in Muttenz near Basel. The group owns over 100 companies worldwide and employed approx. 16,200 employees as of December 31, 2010. In the financial year 2010, Clariant produced a turnover in excess of CHF 7.1 billion. Clariant is divided into twelve business units: Additives; Catalysis & Energy; Detergents & Intermediates; Emulsions; Functional Materials; Industrial & Consumer Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; Textile Chemicals.

oil.clariant.com
Clariant Oil Services is a leading provider of chemical technologies and services to the oil, pipeline and refinery industries. A global business with headquarters in Houston, Texas, Clariant Oil Services is represented in all major oil and gas locations. From deepwater exploration to refining, Clariant Oil Services provides chemical products and services designed to reduce customer costs, decrease operational risks and improve production efficiency.

Clariant Oil Services operates state-of-the-art R&D and applications laboratories in the United States, Scotland, Germany, Brazil and Indonesia, as well as an environmental testing laboratory in Norway. Clariant Oil Services' industry experience is supported by a dedicated global technical services network, providing a unique position from which to address and resolve customer challenges anywhere in the world, now and in the future.

mining.clariant.com
Clariant Mining Solutions is a leading provider of flotation chemicals and explosion emulsifiers to the global mining industry. Clariant Mining Solutions' strong and growing team of technical experts operates around the globe and is dedicated to providing world-class specialty chemical solutions that add value to customers' mining operations. The company operates a state-of-the-art R&D laboratory at its headquarters in Houston, Texas, which is dedicated to the development and optimization of chemical solutions for North American customers.

refinery.clariant.com
Clariant Refinery Services is a leading provider of cold-flow additive applications for middle distillates including diesel, home heating oil and biofuels. A global business with headquarters in Frankfurt, Germany, Clariant Refinery Services holds over 300 patents in cold-flow applications and provides robust cold-flow technology to match increasingly complex fuel composition and difficult-to-treat diesel fuels.

Clariant Refinery Services works directly with customers to provide a tailored service package that includes product support, analytics, weekly reports and blend suggestions for production planning and product optimization.

SOURCE Clariant Oil & Mining Services

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