Material costs drive up Hempel paint prices

Hempel gives notice of price increases Hempel gives notice of price increases
Industry Database

Coatings manufacturer Hempel’s prices will rise for certain products as the raw material cost increases from 2016 look certain to continue in 2017.

Since January 2016, for example, the cost of copper has risen by 34% and the cost of zinc has gone up by approximately 78%.

“There may be regional differences in some raw material costs, but the overall trend is very clearly up,” said Lars Petersson, executive vice president and chief operating officer.

He added: “We have limited the impact to our customers by working proactively with our suppliers, our R&D and our manufacturing set-up, but, as the trend is continuing, we have no other option than to increase the prices of some of our products.”

Raw materials constitute a major part of the cost of manufacturing coatings for the protective, marine and decorative industries. While Hempel does everything possible to mitigate these cost increases, there is a limit to how much can be absorbed.

Latest Jobs

Vessel Manager

One of our clients is a global transportation company. They operate a fleet of sea, air and road veh... Read more

Camp Boss - Offshore

Northern Marine are currently seeking an experienced Camp Boss to join an offshore accommodation ves... Read more

NAVAL ARCHITECT

We are looking for an experienced Naval Architect for a specialist maritime consultancy to provide s... Read more

Marine Engineer Surveyor

We are a leading provider of marine and engineering consultancy & surveying services to the shipping... Read more

CHARTERED ENGINEER MARITIME

Chartered Engineer with a consultancy background in project management specialising in the delivery ... Read more

Naval Architect - Mid level

We have a fantastic opportunity for a mid-level Naval Architect to join a fast growing consultancy i... Read more

View all jobs