TFL implements increase in prices
TFL, one of the leading suppliers of specialty chemicals to the leather industry, announces the implementation of an increase in selling prices.
This is to compensate the global increase in raw material prices as well as energy and transportation costs. Due to these continuous price rises, TFL is forced to take this step in order to guarantee its high quality standard and service in the future.
The 5% increase in selling prices will come into effect in June 2008.
The TFL Management Board stated that further price increases cannot be excluded due to the currently unpredictable market conditions.