‘Unsustainable strain’ of input costs forces Buckman price hike
Leather chemicals group Buckman has announced global price increases of between 5% and 20% for all of its products. The price increases will become effective immediately, or as customer contracts allow.
Price increases will vary depending on geographic region, the solutions offered and the markets served. In some areas, increases may be higher where local conditions may necessitate additional adjustments.
On announcing the changes, Buckman said that recent increases in the price of raw materials, as well as escalating input costs, had brought “an unsustainable strain that can no longer be completely absorbed by the company”.
It said it would continue to drive operational excellence throughout the organisation with the aim of minimising the impact of these cost increases.
