Buckman, a privately-held global company specializing in innovative chemistry and smart solutions, announced global price increases of 8 to 25% for all product offerings. The price increases will become effective immediately.
Recent increases in the price of raw materials, in addition to rising energy, transportation, labor, and regulatory costs, have put an unsustainable strain that can no longer be completely absorbed by the company. In addition, market projections predict continued rising costs of upstream feedstock that, if accurate, could warrant additional pricing action.
Price increases will vary depending on geographic region and products and services sold. In some areas, increases may be higher where local conditions may necessitate additional adjustments.
Buckman will continue to strive to add value to customer operations by investing in innovative technology and optimizing operations around the world to offer the highest value products and services at the lowest possible costs.