03/07/2011, Bridgewater, N.J.
Ongoing price inflation of raw materials
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Henkel announces price increase for industrial adhesives
The price increase is attributable to ongoing escalation of raw material costs over the last 15 months, especially affecting petrochemical based products. Continual spikes in global demand, coupled with capacity constraints in primary chemical, rosin and resin feedstocks, have further tightened supply and driven raw material prices upward.
For this reason, price increases will become necessary in the following categories: hotmelts, polyurethane, water-based adhesives and surface treatment products.
Henkel is taking these actions to further ensure delivery of the same high quality product and service standards expected by its customers.
Henkel operates worldwide with leading brands and technologies in three business areas: Laundry & Home Care, Cosmetics/Toiletries, and Adhesive Technologies. Founded in 1876, Henkel holds globally leading market positions both in the consumer and industrial businesses with well-known brands such as Persil, Schwarzkopf and Loctite. Henkel employs about 48,000 people and reported sales of $20.07 billion and adjusted operating profit of $2.27 billion in fiscal 2010. Henkel’s preferred shares are listed in the German stock index DAX and the company ranks among the Fortune Global 500.
Henkel in North America
Henkel markets a wide range of well-known consumer and industrial brands in North America, including Dial® soaps, Purex® laundry detergents, Right Guard® antiperspirants, got2b® hair gels, and Loctite® adhesives.
Contact:
Michael Quail
Henkel Corporation
10 Finderne Avenue
Bridgewater, NJ 08807
Phone: 908-685-5073
www.henkelna.com/industrial