Increase in raw material costs prompts Stahl to rais - leatherbiz: Lea Leatherbiz

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Increase in raw material costs prompts Stahl to raise prices

25/01/2018
Leather chemicals manufacturer Stahl has announced a price increase for customers in all of its business unit segments. The price of Stahl products will increase globally between 5% and 10%, effective for deliveries made after February 15.

Explaining the decision, Stahl CEO Huub van Beijeren said: “We took actions to minimise the effect of raw material cost movements in 2017 but it has now become necessary to increase our prices and ensure our ability to continue delivering value to our customers.”

The company said the price adjustment is driven by “notable increases” in key raw material costs, as well as by “global inflationary factors” in labour and shipping.

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