ATLANTA, GA, December 3, 2007 – Huber Engineered Materials, part of J.M. Huber Corporation, today announced prices for hydrous and calcined clays for the paper industry will increase by an average of about eight percent. This increase will not replace Huber’s energy surcharge program and will go into effect January 1, 2008, or as current contracts permit.
“Huber’s kaolin business continues focusing its efforts on improving the productivity of its operations to reduce the impact of rising costs on our customers,” said Doug Carter, business director for paper kaolin. “Over the last year, Huber has optimized its product portfolio by focusing productivity efforts on its key products and processes, such as Hydragloss® 90, and idling some high cost capacity at its Macon manufacturing facility. Despite the success of these initiatives, the continued escalation of oil, gas and electricity costs and the increased prices of core chemical raw materials and contracted services have outpaced our efforts. Our price increase is necessary to ensure we can continue to provide our customers with the products and services they desire.”
For more information, please visit www.hubermaterials.com
Hydragloss® 90 is a registered trademark of J.M. Huber Corporation for kaolin clay.
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, kaolin clay, 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.
# # #
