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.