Sika Corporation Industry Division Announces Price Increases
MADISON HEIGHTS, Mich., Sept. 30 -- Encountering continued and well documented cost pressures, the Industry Division of Sika Corporation has announced that selling prices for some of the division's products will be boosted by up to 12%.
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"The petroleum based raw materials required to produce our company's products, as well as energy, transportation and other supplier costs have continued to rise. We believe these cost increases will persist throughout the remainder of the year and will see further pressures as supplies are stretched to meet the demand resulting from the recovery of this summer's devastating storms. This has left us with no option but to increase prices," said Bill Pringle, the division's senior vice president.
The Industry Division of Sika Corporation is headquartered in Madison Heights, MI. The company is a leading supplier of adhesives and sealants serving automotive aftermarket, automotive OES, industrial, marine, and transportation markets. Product lines include polyurethane adhesives and sealants, hot melt adhesives, epoxies, acrylics, silicones and butyl sealants. Specific applications for Sika adhesives and sealants are found in the appliance, automotive glass replacement, automotive OES, fenestration, HVAC, marine, metal building, and transportation industries. Visit the Sika Corporation Industry Division website at http://www.sikaindustry.com/ .
Sika Corporation is a supplier of specialty chemical products and industrial materials serving automotive, construction, and industry markets. Sika Corporation is a subsidiary of Sika AG, Baar, Switzerland. Sika has annual sales of approximately US$ 2.2 billion (CHF 2.6 billion), over 9,200 employees and operations in more than 68 countries. Visit the Sika Corporation website at http://www.sikacorp.com/ .
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