31. Aug 2021 | Markets & Companies
Hubergroup: Price increase due to rise in raw material and transport costs
For some time now, the rise in raw material costs and the shortage of freight capacities have been putting companies under pressure worldwide. The printing ink industry has also been severely affected, as transport costs and the cost of pigments (including titanium dioxide) and petrochemical raw materials such as resins and solvents have continued to rise massively during the year. Hubergroup is therefore now responding with global price increases.
Price increase unavoidable
The company stresses that it is working intensively to minimise price increases for customers by using its global supply network, examining other procurement methods and using alternative raw materials. Nevertheless, according to the company, a price increase is unavoidable.
The European Coatings price ticker offers up-to-date information on costs for important raw materials for the paints and coatings industry.
EC Tech Report Sustainability
Making coating systems more environmentally compatible is a burning issue for everyone in the industry, and one that is being fuelled by the European Green Deal. Learn all you need to know about sustainable coatings, how to produce coatings in a more environmentally friendly way and how to give coated products a longer service life. You will find an overview in the EC Tech Report of the many various approaches being adopted. We will dive deep into the European Green Deal, its key points and main purpose as well as consequences for the coating industry, see which new raw materials are being developed to replace or lower the content of products in the SVHC group and learn about different approaches to sustainable paint formulation.
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