HB Fuller Announces Price Increase
HB Fuller Co. announced today that it will implement a price increase on its water-based, hot melt and reactive adhesives sold in North America. The increases will average between 8% and 15%, depending on technology, and will be effective on June 1.
The company cited increased supply pressures and higher than expected increases in raw material feedstocks, which began to increase in the fourth quarter of 2009, as necessitating the pricing actions.
"We are constantly working to control costs, develop the most efficient products, and effectively service our customers," saidTraci Jensen, vice president of North America Adhesives. "However, unexpected feedstock shortages and the associated cost escalations that resulted, require us to adjust our pricing to compensate for these cost increases."
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