Clariant announced price increases for masterbatches

The masterbatches business unit of Clariant, a leading masterbatches player globally, announces global price increases for most of its products.

"During the past months, the price development for our main raw materials, as well as other conversion costs, has reached a level which we cannot absorb ourselves anymore, despite our ongoing efforts to offset these costs with internal actions, such as in particular our Operational and Commercial Excellence program. Also to finance future investments to our supply chain in order to secure raw material availability, we have no alternative but to increase prices," comments Hans Bohnen, Head of Clariant`s Masterbatches Business Unit.

The price increases will become effective immediately or as contracts allow. Clariant customers will be contacted individually regarding the specifics of the price increase as they apply to their products and regions.

Source: Clariant