Increases will be implemented in the first quarter of 2020, or as permitted by contract.

Beckers Group announced that it will increase prices for its main coil and industrial coatings product groups by up to 8% globally.

Increases will be implemented in the first quarter of 2020, or as permitted by contract.

Beckers Group’s CEO Boris Gorella cited the need to counteract the effects of inflation as the key reason for the price increase.

“In the past year, the Beckers Group has adapted its processes and introduced a performance improvement program to increase efficiency and counteract the effects of an extended period of inflation affecting various costs centers and our raw materials,” said Gorella. “We will, however, need to implement this price increase to ensure we can continue to deliver the same levels of innovation, technical and logistical services our customers expect from the Beckers Group.”

Customers will be contacted directly in relation to the price increases for all affected product groups.

Source: coatingsworld

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