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More expensive raw materials spur Hempel to raise prices

Coatings manufacturer Hempel is raising the prices on selected products, says the firm. Growing prices for raw materials left us no other option, says the CCO.

Photo: PR-foto/Hempel

Prices on raw materials have risen in 2018, now prompting coating supplier Hempel to raise prices on several products. The firm does not disclose the exact amount in the statement, but prices have also grown on many of the raw materials used by the company.

Over the past six months, the price of epoxy has risen 20 percent in Europe and North America and by 58 cents in the Middle East and Southeast Asia, writes Hempel. During the same period, zinc rose 15 percent globally.

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