Encountering continued and well documented cost pressures, the Industry Division of Sika Corporation has announced that selling prices for Sika Industry products will be increased a minimum of 5%.
The continued volatility of raw material feed stock costs required to produce our company’s products, as well as energy, transportation and other supplier costs continue to rise.
While we continue to successfully improve operational and global procurement efficiencies at an expedited rate, the efforts have not totally recouped the rising costs of producing our products. This has left us with no option but to increase prices,” said Paul Schuler, President & CEO, Sika Corporation.