H.C. Starck announces price increases
September 16, 2008
The international H.C. Starck Group has announced a further price increase for substantial parts of its product portfolio. The reason for these price rises are further increases in costs for energy, as well as for raw and auxiliary materials and production supplies.
“These are adjustments that may even reach high double-digit percentages in some of our main product segments,” said Dr. Heumüller, CEO of the German parent company, in a recent interview. “We are working closely with our customers to look for ways to pass on these rising costs and the thus inevitable price increases in the entire added value chain.”
In recent months H.C. Starck has completed a successful performance improvement program and is positioned competitively in terms of production. “The anticipated price increases are not alone a H.C. Starck problem, but an industry problem. They are affecting all suppliers equally. Everybody will be forced to translate these unexpected cost increases into higher prices,” said Dr. Heumüller.
The H.C. Starck Group is currently informing customers about the increase in prices. Provided that no contract periods have to be taken into account, the new prices will generally be effective as of November 1, 2008.
