In addition to higher general costs, driven by legislation, inflation, and freight, the Surface Treatment business has been particularly affected by on-going price increases for key raw materials, which have been absorbed over an extended period of time.
"We have and are still facing an environment of increasing costs, across all regions and all surface treatment industry segments. Price increases for our products and services are necessary to sustain our commitment to delivering high-quality solutions for our customers while meeting their increasing service demands and quality standards," said Martin Jung, Senior Vice President Surface Treatment.
Price increases will be handled selectively across all countries and regions. Further details for all affected technologies and services will be communicated by the respective customer contacts.