Wacker raising prices for silicone products

Munich, Germany – Wacker Chemie AG is raising the prices for its silicones products, effective 1 April, the company has announced.

In a 20 March statement, the German group said the conflict in the Middle East had led to “significant disruption in global supply chains, resulting in significantly increased costs for energy, raw materials and logistics.”

Wacker said its silicones business had been affected by the war on Iran and the subsequent “distortions” in the energy and raw materials markets worldwide.

The group said it is “working intensively” across its global production and logistics network to minimise any impact on its customers.

Wacker did not provide further details about the price adjustments.