The company notes that the price increases are driven by the continued and significant escalation of energy and raw material costs, tightening availability of some raw materials, and rising freight and personnel costs. Nalco sales engineers will contact individual customers to discuss the impact of these increases.
"Price pressure and the availability of key raw materials in particular are making it necessary to appropriately increase prices to help offset these ongoing cost hikes," said David Flitman, senior EVP and president, Water and Process Services. "These increases will enable Nalco to continue to invest in research and development, manufacturing process improvements, and the development of our people, which allows us to provide sustainable solutions and the value and service that our customers expect."
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