Michelman Announces Price Increase Due to Rising Raw Material Costs

CINCINNATI, OH (March 8, 2010) – Due to rising raw material costs, Michelman has announced a price increase on paper coatings in the Americas region effective April 5, 2010.  The typical increase is 10% and affects all Michelman barrier, functional, and appearance coatings.  The actual increase varies depending on grade.

According to Mr. Bob Poletti, Michelman’s VP-Paper Business Unit, “Raw material prices have been driven up as a result of increased competition for specialty polymers and chemicals across many industries.  In order to ensure an uninterrupted supply of Michelman coatings, we have had to pay a premium for these raw materials forcing us to raise our prices a modest amount.  In spite of this increase, we are committed to offering our customers world-class products and services at the most competitive prices possible.”

About Michelman
Michelman is a global developer of water-based barrier and functional coatings for flexible film packaging, paperboard, and corrugated cartons; and water-based surface modifiers, additives and polymers for numerous industries including wood care, industrial coatings, inks, fibers, composites, and construction products.  Michelman serves its multinational and regional customers with production facilities in the U.S., Europe and Singapore, and a worldwide network of highly trained field technical support personnel.

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For more information:
Michelman Global Headquarters
9080 Shell Road
Cincinnati, OH  45236
1-800-333-1723 (US & Canada)
(513) 793-7766 (Worldwide)
Fax: (513) 793-2504
www.michelman.com

Client Contact:
Christy Randolph
Marketing Associate
Michelman, Inc.
(513) 794-4225
ChristyRandolph@michelmaninc.com