ATLANTA, Aug. 1, 2008 – Citing an unprecedented escalation in energy, raw material and transportation costs, Huber Engineered Materials (HEM), part of J.M. Huber Corporation, today announced a global price increase for its Dental, Paper and Specialty Silica and Silicate grades.
The increase will be implemented between Aug. 15 and Sept. 1, 2008, or as contracts allow. Prices will increase an average of up to 15 percent – dependent upon the product grade and form.
“The hyperinflation of oil and natural gas has led to dramatically higher energy and freight costs and there is also continued acceleration of raw material costs,” says Martin Schulting, director of global sales for Huber’s Silica business. “Costs are growing quickly and in higher amounts than at any time in the last 25 years and cannot be offset by continuing productivity improvements and cost-saving initiatives. Huber’s silica business continues to focus significant efforts on improving the productivity of its operations to reduce the impact of rising costs on its customers.”
About Huber Engineered Materials
Huber Engineered Materials develops engineered specialty ingredients that enhance the performance, appeal and processing of a broad range of products used in industrial, paper and consumer-based applications. Its inorganic expertise has resulted in advancing the art in specialty silica and silicates, alumina trihydrate, magnesium hydroxide, barium sulfate and natural calcium carbonate.
Headquartered in Atlanta, Huber Engineered Materials has offices in 15 countries. For more information, see www.hubermaterials.com.
About J.M. Huber Corporation
J.M. Huber Corporation, headquartered in Edison, NJ, is a diversified, multinational supplier of engineered materials, natural resources and technology-based services to customers spanning many industries from paper and energy to plastics and construction. With announced sales exceeding $2-billion, J.M. Huber Corporation is one of the largest family-owned companies in the United States. The company offers total solutions in inorganic chemistry, 3-D seismic exploration, engineered wood composites and other specialties. For more information, see www.huber.com.
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