Beckers Group Increases Coil, Industrial Coatings Prices
Beckers Group said it will increase prices for its main coil and industrial coatings product groups by eight percent globally. This increase will be implemented in the first quarter of 2019, or as permitted by contract.
Beckers Group’s CEO Boris Gorella cited the continuing costs pressure in raw materials as the reason for the price increase.
“The Beckers Group is continuously reviewing its processes to increase efficiency,” said Gorella. “Building on our coatings expertise, we will, however, need to pass on part of the cost increases to ensure the continuation of our product development programmes and our exceptional customer support.“
“We are suffering for the second year in a row from significant price increases of key raw materials," said Christophe Sabas, president Coil Coatings Europe, Africa & Americas. "Cost control, a strong support from our procurement and our R&D teams allowed us to mitigate this cost inflation only partly, therefore we need to adapt our pricing to the market reality, in order to continue to deliver the same high standard of coatings solutions to our customers”.
Details of the price increases will be communicated directly to customers for all affected product groups.