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Colbond to raise prices by up to 10% effective Jan 2011
11
Nov '10
Effective January 1, 2011 Colbond will raise prices 6-10% in Europe and Asia for their entire product range due to the continued escalation of raw material costs. Similar price increases will be implemented in North America. The company is in the process of informing customers.

“Since the end of last year, prices for polyester, polyamide-6 and polypropylene, the primary ingredients for all Colbond products, have increased by more than 30%,” said Harry Verbakel, Director Sales & Marketing.

“We have held off as long as possible and mitigated parts of the cost increases by means of further manufacturing and organizational efficiency improvements. As prices for our raw materials continue to rise, we now however see ourselves forced to pass part of the cost increases on to our customers.”

The company states that the need for price increases has been further reinforced by raising manufacturing components and transportation costs, which have also escalated with no downward trend projected for the foreseeable future.

Colbond

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