Thursday, 3 July 2008

Michelman Announces Price Increase Due to Rapid Rise in Raw Material, Energy and Transportation Costs

CINCINNATI, OH (July 03, 2008) – Michelman has announced a 15-25% price increase on coatings and additives across all product categories in the Americas region, effective July 14, 2008.

According to Mr, Alan Blake, Michelman’s CFO, “Increases in the cost of our raw materials, our energy costs, and our transportation costs have been dramatic this year. The increases have been rapid and as yet, unrelenting. While these price increases are unfortunate, our entire organization is committed to continually improving our world-class products and services. We will also continue to provide those products and services at competitive prices.”

About Michelman
Michelman is a global manufacturer of performance-enhancing barrier, functional, and decorative coatings for flexible film packaging, paperboard, and corrugated boxes; and additives and modifiers for many industries including coatings, inks, composites, and construction products.

Michelman Global Headquarters
9080 Shell Road
Cincinnati, OH 45236
1-800-333-1723 (US & Canada); (513) 793-7766 (Worldwide)
(513) 793-2504 (Fax)