Munich, Germany - Wacker Silicones is raising the prices of all its silicone products worldwide effective 1 Jan., 2008. Prices will increase between five and eight percent, depending on the product family.
Wacker said, "This measure is necessitated by continually rising raw-material, energy, packaging and transport costs, which can be only partially offset by ongoing cost-optimisation and productivity improvements. Wacker Silicones is therefore passing on part of these additional costs to customers. The price adjustment will allow the division to continue offering customers the high product quality, technical innovation, optimum service and technical support to which they are accustomed."
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Press release from Wacker