Henkel Announces Price Increases on Industrial Automotive and Metals Products
MADISON HEIGHTS, Mich., Feb. 28, 2012 /PRNewswire/ — Henkel announces North American price increases on industrial products for the automotive and metals industries. The increases are a result of ongoing escalation of raw material and energy costs. Product categories that will be affected are adhesives, sealants, lubricants and surface treatment products.
The first increases were implemented in January, and the remaining will take into effect throughout 2012 based on product type. Increases will vary by chemical platforms, and customers will be notified directly and in advance to any pricing changes.
Henkel feels compelled to take this step in order to further ensure delivery of the same high quality product and service standards expected by its customers.
Henkel operates worldwide with leading brands and technologies in three business areas: Laundry & Home Care, Cosmetics/Toiletries, and Adhesive Technologies. Founded in 1876, Henkel holds globally leading market positions both in the consumer and industrial businesses with well-known brands such as Persil, Schwarzkopf and Loctite. Henkel employs about 48,000 people and reported sales of $20.07 billion and adjusted operating profit of $2.27 billion in fiscal 2010. Henkel’s preferred shares are listed in the German stock index DAX and the company ranks among the Fortune Global 500.
Web site: www.henkelna.com/automotive
SOURCE Henkel Corporation