ADRIAN, Mich. (Nov. 23) — Wacker Chemical Corp. is increasing prices for its Wacker Silicones products, effective Jan. 2.
The price hikes will range from 5 to 10 percent for all products, including fluids, heat-cured and liquid rubber, emulsions, resins, formulated products and HDK pyrogenic silica, the company said.
Escalating raw material and rising energy and transportation costs necessitate the new pricing, Wacker said. The collective effect of rising operating costs precipitated by the dramatic upturn in energy, transportation and increasing feed stock prices could not be entirely offset by ongoing productivity improvements and cost optimization measures, the firm said.
While the price adjustment is necessary to recover these costs, the company is taking the action to ensure its customers continue to receive the highest level of customized service, innovative products, value and technical support available, Wacker said.