Almatis announces price increases effective October 1st, 2011

2011-09-29

Sep. 22, 2011 - Effective October 1st, 2011, Almatis will raise prices on its entire specialty alumina product portfolio including all standard products in Tabular alumina, calcined alumina, calcium aluminate cement and spinels. Price increases will range from 8 to 12 percent and will be effective for all new contracts after October 1st, 2011.
After the strong recovery from the recession, more capacity for higher quality products is essential. The specialty alumina industry needs a healthier margin level to allow for further investment and to guarantee a reliable supply of premium products and stronger innovation to support the end markets in their future growth. In addition, we will have to recover inflationary, logistics, feedstock and energy cost increases that haven’t been fully recovered since the recession. One important step we are making to counter increased volatility in raw material costs is a move to contracts with a maximum duration of six months.
"Almatis is committed to providing its customers with a reliable supply of premium products globally. We strive to ensure the highest level of quality and delivery performance to our customers in every region around the world. We have returned to very high capacity utilization in all of our plants, so we will continue to strategically invest in additional capacity to support the growing global demand for synthetic alumina products” states Taco Gerbranda, CEO.