NAPERVILLE, Ill., April 28, 2011 /PR Newswire/ -- Nalco (NYSE: NLC), providing essential expertise for water, energy and air, announced today it will be enacting a transportation and energy surcharge on products shipped to North American customers in select industries, effective May 1, 2011.
The surcharge is necessary due to the significant and rapidly escalating increases associated with fuel and energy costs. This surcharge will be based on total pounds shipped and the average fuel price for diesel as reported by the U.S. Department of Energy website at www.eia.doe.gov.
'The ongoing and rapid increase of our transportation and energy costs makes it necessary to impose surcharges for customers in North America, while allowing for adjustment with cost fluctuations,' said David Flitman, Nalco Senior Executive Vice President and President, Water and Process Services.
A separate invoice for customers will be generated on the 15th of each month for the duration that this surcharge is in effect. The surcharge amount will be calculated based on total pounds shipped and the average U.S. on-highway diesel price for the previous month.
Nalco is the world's largest sustainability services company focused on industrial water, energy and air applications; delivering significant environmental, social and economic performance benefits to our customers. We help our customers reduce energy, water and other natural resource consumption, enhance air quality, minimize environmental releases and improve productivity and end products while boosting the bottom line. Together our comprehensive solutions contribute to the sustainable development of customer operations. Nalco is a member of the Dow Jones Sustainability World and North America Indexes. More than 12,000 Nalco employees operate in 150 countries supported by a comprehensive network of manufacturing facilities, sales offices and research centers to serve a broad range of end markets. In 2010, Nalco achieved sales of $4.25 billion. For more information visit www.nalco.com.