Smit & zoon announces 10% price increases
12/04/2018
It said raw materials have gone up “significantly” in the last year across its whole portfolio of products, with shortages and supply constraints in specific cases. It also pointed to “sharp increases” in labour and transportation costs, with little prospect of any short-term structural relief.
Chief executive, Hans van Haarst, said Smit & zoon’s commercial team will work with customers to put the new prices in place with immediate effect or as contracts allow.
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