After raising the price of silicone products in China in February 2021, Wacker now announces the price of silicones (including the Fumed Silica) raising globally.
From April 2021 onwards, the price increase is 10 percent to 20 percent for existing contracts.
The price increase is caused by the increase of raw material cost, and multiple COVID19 measures.
Wacker to Raise Price of Silicones globally
The price increases vary between 10 and 20 percent and will be effective for material shipped from April onwards, as customer contracts allow. Additional volume requests outside of agreed ranges are also subject to the new price setting. The measure has been necessitated by the increase in strategic raw material costs, rising costs for support- and packaging materials and multiple corona pandemic measures in order to improve the service of WACKER SILICONES.
WACKER’s complete silicones portfolio, including silicone fluids, silicone emulsions, silicone rubber, silicone resins, silanes, silane-terminated polymers and HDK® pyrogenic silica, is subject to the price adjustment.
About WACKER SILICONES
WACKER SILICONES is one of the largest silicone manufacturers worldwide with over 2,800 highly specialized and innovative products. The business division’s portfolio ranges from silicone fluids, emulsions, resins, elastomers and sealants to silanes, silane-terminated polymers and pyrogenic silica. These stand out due to their significant value-adding potential – enhancing both the benefits and performance of customers’ end products. WACKER SILICONES’ products find application in such sectors as automotive engineering, construction, chemicals, cosmetics, medical technology, energy and electronics and paper and textiles. In 2019, WACKER SILICONES generated around 50 percent of group sales.