By: ICN Bureau
Last updated : October 12, 2021 10:41 am
The price increase will take effect on October 15, 2021.
As a result of continued shortages in the supply chain following the COVID-19 pandemic and logistical logjams, Euclid Chemical has announced a price increase for its line of concrete and masonry construction products. The price increase will take effect on October 15, 2021.
"In addition to significant supply challenges, raw material pricing and the cost of freight remain highly elevated," said Rusty Maglionico, Vice President of Sales and Marketing, North America. "We maintain rigorous cost-control measures across our supply chain to counteract these increases but, despite these efforts, we must modify our pricing in order to ensure that we can deliver the products and solutions that our customers rely on."
"We are committed to transparency and keeping our customers informed," added Maglionico. "We remain confident in our ability to manage through these conditions and emerge with deeper, stronger customer and supplier relationships."
Euclid Chemical customers can expect to receive further communications by their local sales representatives with more detailed information regarding the impact of these price increases on all affected products.