Henkel to raise prices 25% to combat high raw material costs
By: BMG Editor
(beveragemanager.net) - Against the background of rising raw material costs, and with immediate effect, Henkel is implementing a price increase for certain product groups of its industrial adhesives.
Increase amounts will vary based on market segment and technology. On average, the price increases will range from 10 to 25 percent.
The price increase is attributable to ongoing escalation of raw material costs over the last 15 months, especially affecting oil and natural gas based products. Continual spikes in global demand, coupled with capacity constraints in primary chemical, rosin, and resin feed stocks, have further tightened supply, have driven raw material prices upward.
For this reason, further price increases will become necessary in the following categories: hotmelts, polyurethane, water based adhesives and surface treatment products. (bmg)
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