31 Aug 2007 - RAG Subsidiary Degussa GmbH is announcing price increases of between 6% and 10% for pigment blacks, depending on the product or the region. The increased prices will come into effect for deliveries on September 15, 2007.
According to the company, following a long phase in which only a part of the increased costs of oil were passed on to customers, the company can no longer offset other increases in costs through cost-saving measures alone. Significantly increased expenditure on wages, transport, and energy, as well as additional costs incurred for compliance with environmental and statutory requirements, have compelled Degussa to adjust prices.
According to the company, following a long phase in which only a part of the increased costs of oil were passed on to customers, the company can no longer offset other increases in costs through cost-saving measures alone. Significantly increased expenditure on wages, transport, and energy, as well as additional costs incurred for compliance with environmental and statutory requirements, have compelled Degussa to adjust prices.
