Adhesives manufacturing company to increase product prices effective April 1
Bostik, a leading global adhesive specialist for industrial, construction and consumer markets, announced today it will implement European price increases on industrial products April 1.
In recent years, the industrial adhesives market has experienced significant swings in the demand and availability of various raw materials for several reasons. With demand outpacing supply, these swings ultimately have caused imbalances in the supply chain.
During this time, Bostik has done its best to absorb the impact and minimize disruption to Customers. However, the company does not anticipate this being a short term imbalance and has deemed it necessary to raise prices on impacted products as a result.
"In light of this news, Bostik wants to assure Customers we will continue to provide them with the highest quality of products, expertise and service in the industry,” said Industrial Adhesives European Business Director Stéphane Ferreira. “As raw material prices rise, we also will keep doing our best to minimize the impact on customers as much as possible.”
Customers will receive specific price adjustments for any orders shipped after March 31, 2017. For more information, they are encouraged to contact their Bostik sales representative.
About Bostik, an Arkema company
Bostik is a leading global adhesive specialist in industrial, construction and consumer markets. For more than a century, it has been developing innovative adhesive solutions that are smarter and more adaptive to the forces that shape daily lives. From cradle to grave, from home to office, Bostik’s smart adhesives can be found everywhere. With annual sales of €1.6 billion, the company employs 4,800 people and has a presence in more than 50 countries. For the latest information, visit www.bostik.com.
About Arkema
A designer of materials and innovative solutions, Arkema shapes materials and creates new uses that accelerate customer performance. Our balanced business portfolio spans high-performance materials, industrial specialties and coating solutions. Our globally recognized brands are ranked among the leaders in the markets we serve. Reporting annual sales of €7.5 billion in 2016, we employ approximately 19,000 people worldwide and operate in close to 50 countries. We are committed to active engagement with all our stakeholders. Our research centers in North America, France and Asia concentrate on advances in bio-based products, new energies, water management, electronic solutions, lightweight materials and design, home efficiency and insulation. For the latest, visit www.arkema.com.