Eka Chemicals to increase prices in Europe
Depending on the product type, increases will range from five to 30 percent, as raw material availability and costs dictate. The new prices will be implemented with immediate effect.“Dramatic increases during the past year in basic raw materials have impacted Eka Chemicals’ cost structure. The impact to margins over the past year leads Eka to have to take more than just raw material cost into future pricing considerations,” says Jay Hunsberger, European Marketing Director, Eka Chemicals AB, Sweden.“It is no longer a matter of properly managing our supply chains; raw material cost increases in 2010 have often been faster and higher than the speed at which we can implement a strategy to minimize the impact to our finished goods cost,” Hunsberger continues.