Nalco Announces Water and Process Services Price Increase
Nalco, an Ecolab company (NYSE: ECL), today implemented a price increase for all water and process services industry segments. Pricing for most Nalco Water and Process Services division programs will increase globally between five and 15 percent, varying by country and product. The price increase is effective immediately or as existing contracts allow.
The price adjustments are driven by the significant increase in key raw materials costs, combined with other global inflationary factors such as rising energy and transportation costs. Nalco sales engineers are contacting customers directly to discuss the impact of these increases.
“We continue to take actions to minimize the impact of increasing raw material costs, but it is necessary to appropriately increase prices to help offset these ongoing cost hikes," said David Flitman, executive vice president and president, Water and Process Services.