LYON, France—Elkem Silicones increased prices up to 40 percent on all grades of its Bluesil and Silbione silicone masterbatches and compounds.
The price increase is effective for orders placed in 2019 or as contracts allow in Europe, the Middle East and Africa, according to an Elkem news release.
Elkem said the increase is essential to continue to bring value to customers while supporting developments to enhance competitiveness.
Elkem, a global silicone supplier, operates 9 manufacturing sites and 11 research and development centers, serving markets such as aerospace, automotive and construction.