WACKER to Raise Prices for Silicones globally
Munich, Mar 10, 2021
WACKER is to raise prices for its entire silicones product range. The price increases vary between 10 and 20 percent and will be effective for material shipped from April onwards, as customer contracts allow. Additional volume requests outside of agreed ranges are also subject to the new price setting. The measure has been necessitated by the increase in strategic raw material costs, rising costs for support- and packaging materials and multiple corona pandemic measures in order to improve the service of WACKER SILICONES.
WACKER’s complete silicones portfolio, including silicone fluids, silicone emulsions, silicone rubber, silicone resins, silanes, silane-terminated polymers and HDK® pyrogenic silica, is subject to the price adjustment. With this, WACKER SILICONES will continue to strongly invest in innovation, support global asset development and strive to achieve high customer service levels.
WACKER SILICONES is one of the largest silicone manufacturers worldwide with over 2,800 highly specialized and innovative products. The business division’s portfolio ranges from silicone fluids, emulsions, resins, elastomers and sealants to silanes, silane-terminated polymers and pyrogenic silica. These stand out due to their significant value-adding potential – enhancing both the benefits and performance of customers’ end products. WACKER SILICONES’ products find application in such sectors as automotive engineering, construction, chemicals, cosmetics, medical technology, energy and electronics and paper and textiles. In 2019, WACKER SILICONES generated around 50 percent of group sales.
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