Engelhard Applies Energy Surcharge to Bleaching Earths.Business Editors ISELIN, N.J.--(BUSINESS WIRE)--March 13, 2003 Engelhard Corporation (NYSE NYSE See: New York Stock Exchange :EC) announced that it will implement an energy surcharge An overcharge or additional cost. A surcharge is an added liability imposed on something that is already due, such as a tax on tax. It also refers to the penalty a court can impose on a fiduciary for breaching a duty. , effective immediately, on all bleaching earth Noun 1. bleaching earth - an adsorbent clay that will remove coloring from oils bleaching clay mud, clay - water soaked soil; soft wet earth products. Engelhard attributes the increase to the rapidly escalating price of natural gas. The surcharge will vary monthly in correlation to natural gas prices. Engelhard Corporation is a surface and materials science materials science Study of the properties of solid materials and how those properties are determined by the material's composition and structure, both macroscopic and microscopic. company that develops technologies to improve customers' products and processes. A Fortune 500 company, Engelhard is a world-leading provider of technologies for environmental, process, appearance and performance applications. For more information, visit Engelhard on the Internet at www.engelhard.com. |
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