Industry News

Henkel Corporation, Professional and Consumer Adhesives, Announces Price Increase for Professional Adhesives Lines

Published on 2008-05-14. Author : SpecialChem

AVON, Ohio -- Henkel Corporation, Professional and Consumer Adhesives, manufacturer of professional adhesives and sealants under the Loctite®, PL®, Pro-Series® and Polyseamseal® brands, has announced a five-to-15-percent price increase, depending on product category, effective for June 16, 2008 shipments.

"Energy costs are escalating raw material prices dramatically, while chemical supplies are unusually tight,"said Tom Rapps, vice president, marketing, adhesives and sealants. "Raw material prices are historically high and are likely going to continue increasing throughout the year. Although we have been able to absorb a large amount of the cost increases, we have no choice but to pass on a portion of the expenses in order to maintain the high-quality adhesive products and service that our customers expect."

Henkel Corporation

For more than 130 years, Henkel has been a leader with brands and technologies that make people's lives easier, better, and more beautiful. Henkel operates in three business areas -- Home Care, Personal Care, and Adhesives Technologies -- and ranks among the Fortune Global 500 companies. In fiscal 2007, Henkel generated sales of $19.218 billion and operating profit of $1.975 billion. Our 53,000 employees worldwide are dedicated to fulfilling our corporate claim, "A Brand like a Friend," and ensuring that people in more than 125 countries can trust in brands and technologies from Henkel.

Source: Henkel Corporation

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