KaMin and CADAM today announced a price increase on their kaolin products effective April 1, 2022, or as contracts allow.
This comes after a 10% price increase already implemented 6 months ago by the American kaolin producers.
Unprecedented inflationary pressures are impacting all parts of both businesses with significant cost increases continuing to be seen in energy, mining, chemical inputs and packaging materials. These increases coupled with pressures in the labour market and escalating costs in an already challenging logistics market are continuing to impact the companies’ ability to serve customers. While KaMin and CADAM say they have made significant investments in continuous improvement initiatives to help mitigate the effects from external cost pressures, those efforts have not been able to keep pace with the unprecedented inflationary pressures of today’s environment. Accordingly, these increased costs are being passed to customers to ensure that the companies can continue to deliver on their vision.
The companies will communicate specific increases directly to customers.
“Our businesses have not witnessed production costs and logistics inflation like the present and, unfortunately, there is not a quick solution to many of the supply chain issues,” stated the company. “As always, KaMin and CADAM will continue to invest in ways to best serve their customers in both the long and short run.”
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